Tomorrow, I may have to filed for personnal bancrupcy.
That's the stock market.
Well gee Richard, I'm sorry to hear of your misfortune. Let me get this straight: Your broker lent you $248,000 dollars to buy QNTM with at $31.
1) Where where you when the stock was at $25-$26?
2) You accepted loan money for a one day trade, knowingly risking bankruptcy. That's just plain idiotic.
3) You're making huge $ day trades with no knowledge of technical analysis. Either get advice from someone who knows or learn yourself before doing high-stakes gambling again. Learn about volume analysis, stochastics, Japanese Candlestick charting, etc. All of those indicators said yesterday was a good time to sell, on a short term basis (time frame one to several days).
It was obvious yesterday that QNTM couldn't hold $31. On a very strong day in the stock market, QNTM stuck out like a sore thumb as very weak. Yet you bought in anyway, risking your whole financial well being. You went in way over your head, and now you're going to suffer the consequences. That is the stock market.
DK |
