Nothing like losing around 40% of your portfolio in one day to put a smile on your face. WAMPQ ended badly for me. I was lucky to sell out completely at 15. I will have to chalk that one up to a learning experience.
Due to some massive volatility, I am taking a break from the options market and super-risky plays.
I moved into some of my tried-and-true stocks for now. All three are basically commodity plays. Although, TNP is an oil shipper.
So I am sticking with TNP, UNT, and CDE for the time being until I can get my confidence back up.
Looking back now, I have had three 50%+ negative swings to my stock portfolio now since 2008. In the past, I have been able to bounce back and move to new highs. Well see if history can repeat. Although, past performances cannot dictate for future profits.
We certainly live in interesting times. I am sure blindly printing trillions of dollars to overpay for assets will all end well.
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