my greatest mistake

About 10 years ago I Turned $2,500 into $5,000 in just over a month with a new stock system. Thinking I was the next George Soros, I took on $25,000 from impressed friends, and lost $20,000 of it over the next 6 months. This was when I was making $25,000 per year at a job. My wife wasn't impressed. :mad:
 
Well, maybe it's not a "great" mistake, but I certainly felt stupid.

I had just re-arranged my charts the night before. If I recall correctly, I ended up trading MWD based on the chart of C. Didn't go well :mad:
 
I did that once. Two stocks ~$27.25. Bought one then marked the wrong chart and followed it for 15 minutes before I realized it. Fortunately the one I owned didn't move.
 
Originally posted by rs7


Well, it was better than holding 'till now. Wouldn't you have ended up an owner of COMS? There is no perfect entry and no perfect exit.

I know I told this one before. I was long VERT overnight. Opened up 9 pts. Sold it up 12. Ended the day up 70. Last I looked, it was trading under a dollar.

No regrets.

:)RS7
More...

That one pissed me off because I had my father uncle and like 3 other people in my family stacked into it... I went and sold it for 4 ts. and every day for like year and half had to listen to them keep thanking me!!!! sons a bitches! :D
 
Originally posted by aphexcoil
My greatest mistake was opening a brokerage account with Dean Witter in 1999-2000 and having the lady tell me that AOL was a screaming buy at $150 and that the "new economy" was rewritting all the old laws.

I didn't buy AOL, but I did invest in an internet mutual fund that gave me a whopping -59% return in 2001. I have since closed my account with them and will never be a "long-term" investor again.

aphie
More...

Geez, I guess the lessons from granpa when you were 5 didn't really help much, huh?


 
You must log in or register to reply here.
Back
Top