This Blog will follow the progress of my brokerage account on the way to 1 million dollars. On a daily/weekly/monthly basis I will be updating this blog with the positions that I have in the (blog)portfolio and try to turn it into a million dollars as soon as possible. This will be done using real money.
Monday, April 20, 2009
Stopped out
I was stopped out of APVEE(APPL May 125 Call) today @ $5. Still haven't completed my rules yet but I will post them as soon as I feel they are ready to implement.
What are some options that can be implemented (other than the rules) when your account takes a hit like this?
Also, a book that I thought would be interesting in picking up "Get Rich Slowly: Building your financial future through common sense" by William T. Spitz
The only thing I can think of is to either try a new strategy or do a better job at following the rules. Everyones strategy will be different. It will depend on how much risk you want to take on and how fast you want to build an account.
Thanks for the book suggestion. I will check it out.
Rashad,
ReplyDeleteWhat are some options that can be implemented (other than the rules) when your account takes a hit like this?
Also, a book that I thought would be interesting in picking up "Get Rich Slowly: Building your financial future through common sense" by William T. Spitz
The only thing I can think of is to either try a new strategy or do a better job at following the rules. Everyones strategy will be different. It will depend on how much risk you want to take on and how fast you want to build an account.
ReplyDeleteThanks for the book suggestion. I will check it out.