Quote:
Originally Posted by lewdog
Seems like you're looking for someone to blame but the easy answer here is.....it's you.
If the markets are green 10/13 days and indexes are setting all-time highs, than it's you that's the problem. This is why 90%+ of investors are better off buying index funds and holding rather than individual stocks. Individual stocks are riskier because the market is NOT rational. Stocks have great earnings all the time and end up selling off. I make it a point to NEVER own a stock in my trading account through earnings because the market/stocks aren't rational.
If you are using an actual strategy to buy and sell, you won't get caught holding dogs. But most people convince themselves that whatever stock they purchased SHOULD go up. You're doing just that in your post here. Please, don't do that.
The month of June was amazing for me in my trading account. If what you are doing is losing money on heavily trending bull markets, you only have yourself to blame.
Mind sharing what companies you own that are dogging you?
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So, I only have myself to blame that my account skyrocketed today and is up 3-fold in the last year and a half?
Yes, I use the strategy of doing due diligence and finding strong financially sound companies to invest in for the long term.
Here are my "dogs" as you called them. Numbers are Negative.
MVVYF -$444.14 in at .54 cents per share. Share price tanked a few weeks after I bought it. Could have sold for a few hundred profit- but really like this company and held. I will prob buy 2600 more shares to get my ave. down to .30 or so.
SFTBY -$59.05 SPACS market tanked a week after I bought it.
PSTG -$35.30 Good company, but just can't get any traction.
CS -$26.64 Credit Suisse got hammered when a Hedge fund went belly up due to Reddit investors. Huges losses.
PSFE -$23.30 Hammered after BitCoin tanked.
SCHW -$22.04 Owned shares for 2 weeks. They just bought out Ameritrade.
UWMC -$14.25 Bought on a CP stock tip.
I actually really like this company and they have strong earnings.
FNF _$12.74 Was in the Green- stock went down due to Fear in something or other.
BNGO -$10.44 Bought on CP stock tip.
I like this company and think it might have a chance to do some really good things.
FMNB -$ 9.82 Good divey earner- down because of Fear of rate hikes in Europe or some stupid shit.
HPE -$6.28 Was Green- but recently dipped Red- cause the market decided it should be Red, until they decide to make it Green again.
CC -$5.90 Same as above.
PLTR -$3.40 Bought on CP stock tip.
I actually like this company. A little too volatile for my taste, but looks promising.
KO -$3.10 Was Green until Renaldo the soccer player moved his coke can and the company lost 4 Billion in value in 1 day. Ridiculous.
FE -$2.35 Green and good earner. Down because of inflation fears.
SUTNY -$2.13 One of my International bank stocks. It is foreign- and who the **** knows what is going on in their crazy market.
JEF - .70 Just bought 2 days ago before the market selloff for no apparent reason- in which I bitched about and started this dialogue with you.
So there it is. I also dumped AGNPF for $110.00 loss this week. True definition of a dog. Also sold PROG at a profit to offset. Took my gains, did not want to ride the rocket ship back down.