Today's Market
by Dr Invest
Look, I know this is what you have been waiting for. Now that shame has come upon, I humbly acknowlege what everyone already knows: "The market is not predictable."
If you have been following my blog, you will know that I purchased three stocks: FDO, DLTR, and CATM. Today was a SLAM as the DOW sunk 400 points and barely climbed upward toward the end of the trading day.
That is the very reason, that I use a 6% stop-sell whenever I buy a stock... so I can preserve my capital.
MONDAY TUESDAY WEDNESDAY
FDO (Family Dollar) lost .08% gained .08% lost 2.41%
DLTR (Dollar Tree) lost .56% gained 1.43% lost 1.43%
CATM (Cardtronics ATMs) gained 1.08% gained 8.22% lost 3.78%
.44% gain 9.73% gain 7.62 loss 2.11% total gain
As of today, I have gained a total of 2.11% in the overall stock porfolio.
I admit, this is exciting. How will this investment end? Will I see a recovery by the weekend or will my stocks sell? As an investor, I have a conviction that the market will rally... but only a 6% conviction. Another 3% loss and my seasonal investing will be brought nearly to an end.
This is how I have chosen to trade, I follow my rules regardless of what I think the market will do. If the market falls more than 6%, my stock is sold.... if the market continues to rise, my stock is hold.
(Note: The above article is for entertainment purposes only and not to be considered as investment advice.)
No comments:
Post a Comment