karma
Molten Core Raider
- 480
- 600
When I started trading last year it was mostly to try to learn about investing, trading and the market. I would put profits from swing trades into a share of SPY here and there. I started with just a little money so didn't have very many. When the market started dipping at the start of the CV crash I added a few shares as it dropped. Before too long I had almost my entire account wrapped up in SPY, and it was still falling. I realized if I had any hope of riding the rebound back up and making any money I would either have to add money to the account, or I would have to cut what I had at a loss so I had money to trade with. I was afraid to add money I might need (since I had NO idea what to expect from the pandemic) so I cut my SPY position.
I cut the entire position at a loss at the price of 222.79 March 23rd
.
I have learned a little since then, and in the end it worked out because I had money to put to work on the recovery but cutting 15% of the value of my account at almost the low made me a little sad.
I cut the entire position at a loss at the price of 222.79 March 23rd
. I have learned a little since then, and in the end it worked out because I had money to put to work on the recovery but cutting 15% of the value of my account at almost the low made me a little sad.
- 2
