Maybe I Am the Cursed Investor…
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Here is the typical routine: You’ve being researching a stock for the past two weeks and watch it closely for a good buying opportunity. Finally, a day comes when the share price is perfect and you hop on the computer and load up on shares. A week later, the stock tumbles to half its value.
So far, the scenario above has described my investing experiences for about half the trades I have made. Oddly enough, whenever I’m interested in a stock, I predict how it would go but I don’t buy it. My predictions often come true though.
Am I cursed? I was rooting for a Citigroup share price below $10 and I finally got it. Maybe I was cheering too hard?
There is nothing I can do now. The long-term future is my goal and I don’t mind a dip from my recent trade. Maybe I should average down and pick up more shares of Citigroup…
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3 Comments on this post
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The World's Wprst Stock Picker said:
Noooooo. do not average down unless you are doing it in your 401k. Citibank is done. Nobody knows what they have in their balance sheets. Use Stops!
November 28th, 2008 at 10:49 am -
Alberto said:
I’ve actually begun trading myself. I’ve looked into tech stocks which I believe to be severely undervalued right now. Currently I’m in Google and Apple, and I have to say that I’m doing decently so far.
Good luck with Citigroup, you’re gonna need it…
December 21st, 2008 at 2:10 pm
[...] good friend and just list a few ticker symbols that I believe would see a rise in stock price. But, I’m not an expert stock picker. I don’t trust the advice of most professional stockbrokers so why would anyone trust me? And [...]