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Pastimes : Techride

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To: Joana Tides who wrote (647)4/6/1999 8:46:00 PM
From: Susan G  Read Replies (1) of 7442
 
Gosh Joanie, I'm was really having trouble following you there for a minute :) Must of been that day I had with all my net stocks running and me super stoked on Starbucks. My heads spinning! xINFOx..made me shudder to see that ticker. Thought I new what I was doing, and I'd try my very first daytrade way back in November when stocks like xSKYMx were going to the moon and the frenzy was in full swing. OUCH $3000 lost in two days. Look at the November spike. I bought at the top, sold at the bottom. Duh. Got greedy and bought too much right when the delisting news came out and the selloff started. Panicked and sold as the pumpsters pulled out. It Never really did recover.
Well I must say this was the best thing that could have happened to me. Haven't lost more than $300 on a trade since then..although you know I keep my trades small. Gee, where did I learn that lesson. I took some of my remaining cash and bought a daytrading education program from an excellent trader, spent the entire week after Christmas studying night and day and watching his videos, and taught myself how to read charts. and news and upgrades, SEC reports, insider reports - the works. It's been said that if you win right away it is dangerous - you will not be a good trader. Well I think screwing up big first thing was the way to start. And the day I made that loss back in full I had a big smile. But that ticker still makes me shudder. You ever check out xNTXYx?
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