"An expert is a man who has made all the mistakes which can be made, in a narrow field."

- Niels Henrik David Bohr

Friday, January 29, 2010

End of day journal (1-29-2010)

 
  

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Another gut wrenching day... the last day of the month and the first day that the account value was actually below the start value !?!*&!

Wow... and the day started off so strongly. Nothing hit the stop loss spot - but things were just not going well so I ended up liquidating all but LYV. I tried to buy into BEXP on a sag and got burned pretty badly. I bought in on TWTC as well, posted a modest gain, but the bottom fell out and I panicked and sold. BEAV started up, lost ground, and came back to almost even before crashing. LPSN was at my breakeven point before dipping right around the time I was selling everything else. I bought back in on BEXP towards the end of day because of the strong early day action. Here is hoping Monday gaps.

What is a guy to do in this kind of a situation? Strong economic news kept me in the market. Somewheat frustrating to say the least. 

I think I will perform some type of analysis over the weekend, just looking at my losses and trying to figure out how I could have gotten out sooner. From a high of + ~20% this month to a negative 5%. Boom and bust.

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