Recent content by lost100k

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    Lost 100K in one month, 50% wiped out, start to write journal

    Another up day, up 3.42%, just feel the banks are at the end of rally. only get 3.4% while nasdaq up 3.51% ADVNB 31000 0.38 11780 AIG 600 14.08 8448 MBHI 17000 0.69 11730 AMFI 15400 0.74 11396 RAS 8000 1.15 9200 CRBC 17000 0.65 11050 CNB 15198 0.65 9879 73483...
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    Lost 100K in one month, 50% wiped out, start to write journal

    Who is the best journal writer on the board in your mind? I want to read and learn. Thanks.
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    Lost 100K in one month, 50% wiped out, start to write journal

    Second up day, up 3.61%. Wish this week will be an up week. Buy RAS today. RAS price/book is low,only 0.08. Now just buy low price/book and low P/E stocks. ADVNB 31000 0.33 10230 AIG 600 14.39 8634 MBHI 17000 0.67 11390 AMFI 15400 0.68 10472 RAS 8000 1.12 8960 CRBC 17000...
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    Lost 100K in one month, 50% wiped out, start to write journal

    What stocks are good for short? I want to short some, but finding short stock is difficult.
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    Lost 100K in one month, 50% wiped out, start to write journal

    Finally got up day. Today up +7.76% Sold all the shorts since I feel short is very difficult. Will stick on long even the market goes down. Add more longs and now portfolio is AIG 600 14.55 8730 MBHI 17000 0.63 10710 AMFI 12400 0.66 8184 ADVNB 31000 0.3 9300 CRBC 17000...
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    Lost 100K in one month, 50% wiped out, start to write journal

    I will liquidate all the short position and long some new stocks. Though I know that the market is going to down again, maybe, but I realize that short is more difficult. I'd better stick on long. Short stock on one week high may very risk though I may get good return on that. AIG has some...
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    Lost 100K in one month, 50% wiped out, start to write journal

    Down another 4.83% today, mainly by AIG. Covered PALM and shorted NVGN. AIG 800 9.45 7560 MBHI 12000 0.68 8160 AMFI 12000 0.64 7680 ADVNB 22000 0.35 7700 CRBC 14000 0.52 7280 CNB 15198 0.49 7447 45827 0.54 (Leverage Long) TRW -600 11.64 -6984...
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    Lost 100K in one month, 50% wiped out, start to write journal

    My MRNA trade is an example or a lesson to show the bad thing of average down. I know the rule that do not put all eggs in one basket, so adding MRNA from 10K to 60K, which is 5% to 30% of the portfolio. I stopped out with 30K loss (15%) on a 30% of the portfolio. I bought MRNA at around...
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    Lost 100K in one month, 50% wiped out, start to write journal

    This is a concern. I am currently not shorting under $2. I am shorting stocks with large one week gain and keep for one week and then cover. Short has unlimited risk, currently each stock is 10% portfolio, I am looking at them from time to time ,, if rise too much, i will cover some, never see...
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    Lost 100K in one month, 50% wiped out, start to write journal

    AIG really has problems, but at this price, I think it is a good buy. I do not expect it goes to 100, but I think I will sell them at 30-40 range. Yes, buy AIG is based on book value. Those fundamentals are on the desk, unless it bankrupt, goes to 0. If I have a loss on AIG, I will...
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    Lost 100K in one month, 50% wiped out, start to write journal

    Hi, millerbdog, AIG really confuse me. The reason I bought is they have book value over $300 and now trade at $13. I think they still have 30 B on balance sheet and assets at 600B. It is true that they may loss over 30B in a sudden on that 600B (just need to loss 5% of its asset) and make...
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    Lost 100K in one month, 50% wiped out, start to write journal

    One mistake can ruin all the life. Average down, it is the cause make me loss 30K on MRNA. I was doing average down many times, and never has problem until this time. I have 200K in assets and 10K to buy MRNA at start. When MRNA goes down, I add more to 60K. Unfortunately, MRNA did not go...
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    Lost 100K in one month, 50% wiped out, start to write journal

    My today's position after close. Down from 90329 to 89092, -1.37% AIG 600 13.1 7860 MBHI 12000 0.68 8160 AMFI 12000 0.67 8040 ADVNB 22000 0.32 7040 CRBC 14000 0.59 8260 CNB 16798 0.52 8735 48095 0.54 (Leverage Long) DYAX -3000 2.82 -8460 OSK...
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    Lost 100K in one month, 50% wiped out, start to write journal

    My current position AIG 700 13.58 9506 MBHI 14000 0.68 9520 AMFI 16000 0.68 10880 ADVNB 25000 0.36 9000 CRBC 15584 0.57 8883 CNB 16798 0.56 9407 RAS 8000 1.12 8960 66156 0.73 (Leverage Long) DYAX -1000 2.88 -2880 OSK -200 21.45 -4290 PALM -200...
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    Lost 100K in one month, 50% wiped out, start to write journal

    I just lost 100k in one month, wipe out 50%. I need to write the journal and need your guys help. Thanks.
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