Paul Meyer Buys Houses

Give me a bloody mary, strong!

Okay. Again I had the chance to sell my FXI MAY 05 105 Puts, but I didn’t (up $3000) because instinctively I felt FXI had a lot more room to fall. It seems everyone is blogging the head and shoulders isn’t working, its very bullish, and China is not going to be effected by US’s movement. After it hit around $105 it went straight back up to $112 in about 5 days. Now I’m down -$5000. It is funny how you watch your money go down from 33k, to 22k, to 18k, to 13k, then to 9k and for some reason you really think it’s going to turn around when it never does, it just gets much worse. I’ve come to the point where if I am that bad of a stock picker or I just don’t think logically and sell when I’m up then I don’t deserve to be a millionaire trader within my 2 1/2 years left. If I have to lose it all and sit on the bad trader bench then I will just have to. I’ve had to many chances to sell and keep my profits and I didn’t.

On Wall Street the saying is “Sell in May and go away!”. If this holds true and big investors sell out it should push the entire market down.
Recently investors are happy with the Fed decision does this mean a continuing uptrend rally?

Recently I just got my new surfboard. I’ve surfed longboard for around 13 years and thought I would downsize to a 1970’s classic fish. It has been a lot of fun. Below are two picks.
The wording says “Trade well, practice more, invest well, achieve choice”

Click on the image to enlarge the picture.



4 responses

  1. It seems in this business you just have to go through a lot of pain till you learn what to do and what works and what doesn’t. Again I think you should forget about the getting rich in two years and just focus on making some modest trades that make money… once you can do it consistently then you can up the trade size. I still do the same dumb things time after time, but seem to be finally gradually crawling up with more positive than negative trades.

    May 10, 2007 at 1:24 am

  2. Damien aka Po

    yo dude whats up. just dropping by so see how my stock mentor is doing. so my hoku stock went shitty but then again you made a good call about the aapl thing. so i basically broke even. anyways hit me up on my myspace look for the user name dae-meeh-un. peace.

    May 18, 2007 at 7:55 pm

  3. damien.

    I am know stock mentor and probably a really bad example of a trader at the current moment! But I do encourage anyone to study the stock market because I feel its the most awesome money machine out there.

    May 27, 2007 at 7:19 pm

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