Friday the 13th? Full Moon Effect? or Just Being a Dumb Ass?
DUMB ASS 100%
So week two was a punch in the gut with my biggest loss yet. Mostly due to being stubborn and justifying why I was breaking one of the rules (cutting losses quickly and moving on) and holding on to SIRI. While "maybe" at some point the stock will climb and make a good long trade, it just isn't working for me. Tim gave some advice regarding picking random stocks and getting random results... and guess what? The guy was right. I didn't see his message until the end of day and SIRI was already down. Then today it continued down and my Stock Wars account took the hit.
I was able to make up some of the losses with long positions in a couple of mid-day gainers... I followed the up trend and netted 2% to 3% of the day's total gains. But that said, the account still missing a chunk of meat.
Penny Stocks 1000 did better. Still took a loss but not as bad. I'm holding a couple of short sells over the weekend.
End of Day Update:
Stock Wars App: $99,702.75 for a loss of $2,576.28
Penny Stocks 1000: $623.94 -37.61% for a loss of $18.69
Totals: $2,576.28 - $18.69 = $2,594.97
Total @ End of Week 2
SW: $99,702.75 @ -% = -$297.25 Loss
PS1000: $623.94 @ -37.61% = -$376.06 Loss
Total for Week 2: -$673.25 Loss