Mar 11, 2014 01:07 PM
(This post was last modified: Mar 11, 2014 01:11 PM by lucida.)
So I bought a stock called FMCC awhile ago and held 880 shares at 3.0236. It's been going up for awhile now and hit $6 today, so I go to class, after 2 hours I check the stock to see it's down 40%. So I quickly try and sell it and take a $600 profit. Then I waited for it to bottom, bought the stock FNMA at 3.83 (800 shares) and sold it at 4.16 for a profit of $248.
All in all i'm pretty pissed cause I could have made well over $2500..instead I made almost $900...just a small lesson to never get to greedy I guess
tl;dr bought a stock, was up $2500, went to class, stock went down, only made $870
Proof
Don't hate on yourself for selling it at the wrong time. Stocks are a guessing game, and it's awesome that you made $870! Hell, I would lose money if I ever went into stock!
You can always go in again and make more!
There is never I could have.. In the trading business that is a daily concerns for many traders, you just have to deal with it however you still made a good profit so congratulations.
Haha, thanks for all the support guys, it just sucks to know you could have made an extra $1600 =(
Hey, Just wondering, where do you buy and sell this stuff ha
Very nice still m8.
Profit is profit, can't complain
(Mar 12, 2014 04:06 PM)SFaisalShinwari Wrote: Hey, Just wondering, where do you buy and sell this stuff ha
I use questrade to buy/sell stocks!
(Mar 11, 2014 01:53 PM)PianoWithoutKeys Wrote: Don't hate on yourself for selling it at the wrong time. Stocks are a guessing game, and it's awesome that you made $870! Hell, I would lose money if I ever went into stock!
Stocks, if done right, are more than a guessing game.
Cool, I've always wanted to get into stocks but it seems very confusing. I understand the basics, but at the same time I don't.
Are you Intel inside? Life is Good
Although you could have made more, $870 is a hell of an amount. Use this money to make more, invest wisely and remember to spend some for yourself!
congratulations. money is money man 2500 or 900 I would be happy with either :)
Mar 19, 2014 01:17 PM
(This post was last modified: Mar 19, 2014 01:17 PM by lucida.)
Appreciate all the support everyone! Starting not to really care about the extra money I would have made, I'm actually really happy I made $900, my goal for this year is $10,000!
Nice. Today I turned $40 into $100, then lost $12
DO NOT DEAL WITH THIS MEMBER
(Mar 11, 2014 01:53 PM)PianoWithoutKeys Wrote: Don't hate on yourself for selling it at the wrong time. Stocks are a guessing game, and it's awesome that you made $870! Hell, I would lose money if I ever went into stock!
No my friend that's called Gambling if its a guessing game.
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