arrogance will kill youHey guys,
I am a rookie trader, a few days a week, got to work and its tough to spend much time on the net and keep a job. Been at it for exactly a month, started with $40309.00, trades mostly HOU, about 35 or so trades. Got it up to $52855. Jesus, this is easy!! Lost a bit here and there, but mostly did good. Today, however, arrogance got me. Bought HOD late for $14.11x3500 shares. I never saw a stock go down a s fast as it did. By the time i could get my breakfast made and have a bathroom break I was down about $2000. Got scared, dumped it for $13.53. Bought HOU at $8.77 x 5000 and have lost about $400.00 on it today, but still have it. Did exactly the opposite of what I wanted to achieve. Now I am wondering what the heck to do tommorow morning. Any suggestions? Sorry for the long post