Sold PMI @ $0.65
By admin on Apr 6, 2009 in sells, stock trading
I took a 5.8% loss on PMI when I sold it $0.65 today. I still think there’s a decent shot it’s going to bounce up with some big gains this week but I’d rather have my money free to get into something I’m more confident about.
I bought PMI for 69 cents in aftermarket trading on April 2nd.
I’m not going to hide my losses. Losses are a part of trading no matter what your strategy is. I think a big key to success with stock trading is cutting your losses before they run away with a huge chunk of your investment.
admin | Apr 6, 2009 | Reply
Damn! I should have held it one more day - it’s finally breaking out like I thought it would - up 13% today.
admin | Apr 7, 2009 | Reply
OK, now I’m *really* kicking myself. PMI is at $1.34 right now.
admin | May 5, 2009 | Reply