I threw the towel in somewhat today, because I didn't want to throw the towel in if the market falls apart completey. Been there, done that.
This will be my first loss trading intc. Bone headed play this time. Got in too high from the get go ignoring all signs of the slowing economy and got fixated on the debt crisis. Will be trying to get out in any uptick or downtick give or take.
as noted yesterday, sometimes the best trades are booking losses.
One of my dumber plays, buying UNG in the 50's, took a loss, a small one, and let it go, today the shares are in the 10's
What troubles me about the current market downturn, back in March, the VXX was extremely overbought, fear was rampant, this time, not.
You bought at 22.50 and sold at 22.10.....Yeah...that's called a loss.....someone who books a loss is referred as a Loser......Is there anything else you would like me to explain? Feel free I'm here all day!
Lost 40 cents on the dollar on INTC, up 100+ percent since I started investing. Keep calling me a loser, it feels great you old bag of dirt.
Buying INTC at $34 is unfortunate but there are much worse things. Also, one could have bought at $75 instead of $34. One could have bought in the 1990's for $5 and not sold at $75.
Pity those who purchased AIG in 2004 for $1,100 while it trades at $28 today.
Sometimes the best trades are the small losses. Many a buy and holder buys and hopes at some point in the time, the share price will get back to what they paid for it. Pity those who bght INTC in 2004 at $34.00 on it's way to 12.00.