Friday, February 27, 2009

Trading Report: Learning from Mistakes

This will be a short series about the mistakes I made on my purchases of DXO through January. By the time it was all done and I was out, I lost about $6000 total. Very expensive tuition, indeed. I am completely responsible for the outcome. This is trading. We're not able to will the market to do what we think it should. We're here to make bets on certain outcomes, and exercise risk management for the situations where those outcomes do not come to fruition in the expected time frame.

I will break this series up into parts based on my experiences and the lessons learned from those mistakes. I hope that others learn something from them, but the best teacher IS experience. Sucks, don't it?

Watch for the hook...

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