Saturday, March 28, 2009

Sell Stop:(SDS), Also Known as Still More Stupid Shorting

You guessed it, I had to lose more money before I learned my lesson.

I'm not going to even waste my time on some big analysis - I got impatient and tried to short the market, and it cost me money. I'm not going to do it again until I prove I'm an effective trader on the long side, and even then I may avoid it.

I did it twice more and lose 5% and 2% respectively.

I had been on a pretty good run of using my head, so I'm a bit embarrased by this, but the important thing is to get back on track and not have a repeat performance.

-Geoff

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