What's the dumbest thing you've done?

puma became Intellisink (sp) sync...I actually made a lot of $$ on it then sold...bought back in....and finally sold again!...but its still in bus...
Quote from peilthetraveler:

Heres a trading story. It was 1996 and I decided to buy a little company that just did their IPO 1 month prior...it was called puma technology. I bought 100 shares (i was really poor back then) for 16 3/4. The stock slowly went down over the next year or 2. I finally said "ack this stock is never going to go anywhere but down and i sold it for 8 1/2. Checked it about 6 months or a year later and it was trading between 3 and 5 dollars a share. I had some money and i thought "hmm seems like a bargin maybe i should pick up 300 shares when it hits 3 dollars. A few days later the stock was at 8. A few days after that it was at 16...then 30. I said well I missed that boat...but I didnt know how bad....next time i checked it a few days later....60 dollars...a few more days 140 dollars. It topped out at 200 dollars then split and just fell from there. It eventually went to pink sheets and i think out of business though, so i dont kick myself too bad
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Got wrapped up in the fed meeting on wednesday. Saw a huge crossed mrk in XOM. took 8000 shares and offered out. Ths nyse dot dropped 30 cents, filled me 15 cents lower. Ah yes the standard 10:30 wednesday oil number, how soon we forget.
 
My two last trades were dummy trades. Both, turned into losers immediately.
Hindsight is always 100% but, my mistake being entering in between a trend (down in this case) and I bought calls on ATI DJ (ATI) and XTO EI (XTO). On the plus side,
my options still had a lot of time to expiration. ATI DJ turned into a winner for me. Sold it last Friday at $7.40 (in at $4.70). My XTO EI is still under water but, still has time too.
Coulda, shoulda, you know the drill----if I bought the April/May 45 call for ATI and April/May 40 Call for XTO----I would have made a good sum by now!!! :(
Oh, well, that is why we call them mistakes!!! LOL
 
Early last year I put on a bear spread on GOOG @ 140.

It gapped to 170 and then 190 in 2 days. I held. lost 7k

I was doing it because I just couldn't see how a search engine could rip so hard.
 
Like a lot of persons I presume I clicked on the wrong button.
Instead of closing a trade I reversed my position !
At the beginning (5 years ago) I went long when I wanted to be short and vice-versa.
 
Sorry, no nightmare trades here but... Just built a house out in the country. According to the neighbors (before I built), high speed internet access was available on our road. Fast forward to present... it turns out high-speed is only available on certain parts of the road! Im in a few mile range where it's not available. :(
Had to close the futures account. Now Im back to swing trading stocks. This is brutal. Does anyone have satellite internet service? The only person I know who has it near here says it's not any faster than dial up. I thought it was supposed to be like DSL or cable! Any responses/ help would be appreciated! J
 
Quote from jzlucas:

Sorry, no nightmare trades here but... Just built a house out in the country. According to the neighbors (before I built), high speed internet access was available on our road. Fast forward to present... it turns out high-speed is only available on certain parts of the road! Im in a few mile range where it's not available. :(
Had to close the futures account. Now Im back to swing trading stocks. This is brutal. Does anyone have satellite internet service? The only person I know who has it near here says it's not any faster than dial up. I thought it was supposed to be like DSL or cable! Any responses/ help would be appreciated! J
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Checkout this thread:

http://www.elitetrader.com/vb/showt...ge=6&highlight=direcway internet&pagenumber=2
 
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