Have I just been lucky today?

interdigital · Jan 11, 2008

Yesterday I lost $6600 after getting whipsawed like crazy. I think 6 out of my 8 trades were losers yesterday.

Now today I've made 9 trades (1 long on ETFC, and 8 shorts on WM) and 8 of them have been winners. The one losing trade was just a one cent loss per share, although it would have been a profit if TDAmeritrade were a little bit quicker. I'm up $4200 today.

Was yesterday bad for most people, or am I just lucky as hell today? Guess I'll find out next week if I can keep this up.

balda · Jan 11, 2008

what is your account balance?

pumpanddumper · Jan 11, 2008

Good job, don't tilt.

interdigital · Jan 11, 2008

Around 300K, but about 260K of that is tied up in one stock, so only about 40K of cash available for trading.

Asparagus · Jan 11, 2008

Quote from interdigital:

Around 300K, but about 260K of that is tied up in one stock, so only about 40K of cash available for trading.

which stock?

interdigital · Jan 11, 2008

Quote from Asparagus:which stock?

IDCC (my username is the same name as the company)

Asparagus · Jan 11, 2008

what is your average price?

cvds16 · Jan 11, 2008

do you have a mental illness ?

almost 90% of your portfolio in one stock ?

interdigital · Jan 11, 2008

Quote from cvds16:

do you have a mental illness ?
almost 90% of your portfolio in one stock ?

I don't think so. You can't make significant gains without taking significant risk.

I have actually traded that stock previously, so I was able to take those profits and buy more shares. It's not like I took 260K of my own cash and dumped it into that stock. The avg price for the current shares that I hold is around 23.

Asparagus · Jan 11, 2008

good luck with it! you might want to check out modern portfolio theory while you wait for the register to ring