Off Topic
Carlos, I can sure sympathize with you. I've gone technically bankrupt twice in the last 3 years. The first was with options and on paper they were worth nothing, but miracles of miracles, the stocks went up just enough that I could continue trading. (Too much Wade Cook) I did lose over 75% of my capital tho.
Later, I placed too much faith in Mr. Pinks predictions and went into the hole on PVN. Pardon, I think it was PVN, but I'm still so emotional that I can't think straight about that time period. I DID NOT ALLOCATE PROPERLY, nor set stops, and the stock ran. I kept saying to myself that the stock will come back down but it kept climbing and then it split. A complete unmitigated disaster caused by my own ineptitude. Period.
I've since recovered most of my capital, using plastic for trading money. I foolishly used the credit cards to meet my margin calls on pvn. When finally convinced to cash out from pvn, I owed more than I had in the account. I felt that I had no choice but to continue trading since I was bankrupt, so I did.
More dumb stunts followed, however after about 10 months I subscribed to A @ P pruvate site. This past year, I had to take money out of the trading account, so its hard to figure my return, but its about 300% profit for the past year This is after more dumb stunts, will I ever learn? :o)
But I guess the answer to that is that even I can learn and I'm convinced that I'll eventually be a good trader. The private site is great for learning about the stock market, generally, and a source of many good recommendations.
So, continue learning and investing. Please don't stop posting since I've certainly enjoyed your posts.
TTT
The rest of you guys forgive the rambling. TTT |
