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Stupid Trades

March 27th, 2009 | Filed under Investing.

I didn’t work today so I decided to keep my eye on the market. Well, I made one stupid trade, ok two, this just happened less than an hour ago, it’s 7:16 am here in Los Angeles. Here is the scoop, I saw that the price for my (AIG) shares was going down and when it got to $1.01 I got spooked and sold all of them. I then got greedy and decided to wait for it to go lower and buy more shares, makes sense right?. Then I just waited, and waited, and waited but the price just wouldn’t go below $1 dollar so I then decided to buy back the 1500 shares I had just sold. It was only after I’d bought back my shares that the price started to go down below $1 dollar, I have learned my lesson and I am sure that I am not going to make the same mistake again, I hope. Like I said, two stupid trades that shouldn’t have happened.

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