Banging My Head Aaaaaaahhhhhh!!!!!!!!!!!!!!!!

The reason why I dumped the shares was because of margin reasons and mostly a lack of risk management.

Im looking more into the basket idea. Holding multiple stocks in a basket like the ones I had mentioned.

Lets say Apple and Goog were in a basket. If you have other winners, you could leave Apple and Goog in the basket.

Lets say you have 100,000. Find 20 beaten down kicked in stocks.

Right now, the entire SOXX index seems like a good basket to keep. All of them seem to be beaten down in one way or the other.

ALTR
AMAT
AMD
BRCM
IFX
FSL
INTC
KLAC
LLTC
MRVL
MU
MXIM
NSM
NVLS
STM
TER
TSM
TXN

Right at this very moment, someone is dumping shares of MRVL, AMD and INTC thinking that they will go down further. Wait a second, these are profitable established companies. I am betting that they will be 20-50% higher in 5 months.
 
Im happy about the mistakes I have made. They only make me stronger. A trader that has made mistakes is better then a trader who has made none.

You have some assurance that the trader that made mistakes will not make them again. He will be able to recognize what he did wrong. Brian Hunter will be a better trader now and should be very hirable.

Where as with a trader who never has made a mistake, thats where you have to fear. The only thing about a trader like that is that luck is on his side. It will just be a matter of time before he fails.

Do not knock a failed trade. A failed trade is valuable, although costly, lesson.

I once had quit the entire stock market for 2 years after suffering a loss. However, when I quit, thats when I failed. When you take a loss, you dont fail. Its just a temporary setback. You should get right back on that tradestation and make the cash back.

Above all, you should never forget your failed trades or your losses. You should get yourself a cork style bulletin board and erect a Wall of Shame. Keep it in your view at all times. Do not forget the costly lessons that have been learned. Instead, make these mistakes drive you forward to success.

Abraham Lincoln had tried many times before he became the President. If he simply quit after a few setbacks, then our country would be vastly different today. Do not quit, remember your mistakes and drive on. Drive on hard.
 
I was only kidding; hope you did not take it seriously.

Thanks for sharing your trials and tribulations. We can all learn from it.
 
I dont take anything seriously. I just like to type these long winded motivation posts to get us riled up.

I did learn one thing from Jim Cramer. Here is the secret to getting things going at the trading desk of an institution. Grab an office chair, throw it across the office at the wall and start yelling "SKIDADDY, ITS THE LIGHTNING ROUND".
 
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