Friday, January 23, 2009

Finally Friday!

Well, well, well. We've completed another week in which the stock market surprised many and disappointed more.

I am one of the lucky ones that was both surprised and disappointed. Ouch!

My small trading account started the week at a 4% surplus. (Yes Martha, some stocks I bought went up in price and showed the potential for profit) Alas the week ends with a 15.5% deficit and I'm stuck waiting on the next rally to come close to breaking even.

I will not bore you with the gory details, but just say this much: If you are actively investing right now as I am, isn't this a pisser?

I watched a very solid stock make great gains one day to lose them all the next. There was no industry related news or any significant story about the company to drive this move. It followed the S & P index and rose and fell with market sentiment. One can only ask, what the fuck are these people thinking.

It's a thrill ride with potential profit as one destination and financial ruin as the other. (If you're totally invested in the market, that is)

I am learning lessons each day and attempting to not make the same mistakes twice, though I admit to feeling as if I have done that. I remain hopeful I will catch on soon.

Have a great weekend.



Dr.John said...

If there is no pattern then you can't catch on.

Richard said...

Dr. John: How true. I can only hope for luck and the ability to follow my gut instincts. When I've done that, I've made a little profit.