Thursday, June 22, 2006

F'ing CURSED

So what is the deal with my luck? Who did I wrong? Am I really Hitler reborn or something?

Perhaps I'm overreacting. But Jack's stock picker Steve made his account run from 45k to 195k in about 14 months. So for the last couple months Jack's been telling me the INSTANT Steve makes a trade. Sometimes I've acted on it sometimes I haven't - it's about 50/50. I've bought 5 stocks that he picked. 1 fell 99%, 2 fell 18%, 1 fell 9%, and 1 gained 175%. I LOST money. Yet Jack gained 88% during the same time period. So of the 13 stocks that have been bought during the time I've been getting these picks, 4 have gone down, and 9 have gone up. I've picked all 4 of the losers.

And this was at random. It just so happened that I saw Jack's IM in time to make a trade that day, and did so. Now to make things worse, on 6/9 Jack told me he was selling EGY at 8.25, which was my ONLY winning stock out of the 5 I bought. Well I got the news too late, and it fell 8%. I figured I'd hold it for a couple of days and it would bounce back. On Monday it was down 7%. Tuesday down 9% to about 6.95. I put in a stop to sell at 6.75. The next day it opens at 6.6 and so it all gets sold at 6.6. So now instead of the 175% i was up over 6 months, after the last 3 days I now was up only 100%. It cost me $4000. But that's not even the good part.

Three days after I sold, the stock was back at 8.25.

1 Comments:

Blogger @llull said...

In some circles this is known as a "quality problem." Cool site, thanks.

2:46 PM  

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