How to deal with your stock portfolio losing value
Interesting subject because learning how to deal with your stock portfolio losing value can be a very important experience and tool for success. I’ve read plenty of money management books, but when it comes to losses it seems the only thing you can do is take a step back, observe, and react to the current situation. What stocks do you own? Are they in industries that are losing gobbs of money and going bankrupt (currently financials and auto). Consider using the warren buffett method or buy staple stocks such as an industry like utilities such as General Electric (GE). At least until we get better energy we will always need electric companies, gas companies, oil, natural gas, and soon hydrogen power such as Ballard Power (BLDP) or HOKU solar (HOKU).
As for emotional pain I say buy a big delicious pizza and treat yourself just because you are investing. Now don’t get fat and eat notoriously with the more negative gains you receive, but know just like a good treat bad things do finally come to an end and you will reap rewards by being patient. I suggest even punching a boxing bag because #1 all the energy you’ll be letting out will make you dizzy and forget about your financial problems #2 it helps you feel better and stay in fit and #3 it will make the meal you can still afford more delicious.
Financial strategies you can think of if you want to switch some of your money during a down market at least I would do woudl be tax liens, buying a rental properties, and shorting stocks or buying up put options on your stocks that are falling then sell off the options once the market changes its mood.
Learning how to deal with your emotions, appetite, and financial strategies should make you feel all around more confident about yourself and your future. Positive thoughts. Yeah…! At least it does for me losing tons of money on a portfolio or option position I need to immediately rethink my strategy. I’ve had to do this numerous times on business ventures I got into and even relationships.
October 17, 2008 | Categories: trading stock options | Tags: ballard power, BDLP, buying rental properties, eat pizza when you feel down, emotional losses, emotional pain, financial strategies when losing money in a bad economy, GE, general electric, hardship, HOKU, Hoku Scientific, how to deal with your stock portfolio losing value, october 2008 crash, put options, relationships, shorting the markets, staple companies, stocks, suggestions, transferring your money into tax liens, what to do when the market crashes | Leave a comment
Mad with myself, Internet Droid I am. – NTRI 17.5 Aug Puts
Okay you know you are an internet droid when you can not stop physically leave the computer for a bathroom break. At a certain point of needing to take a major dump, you can physically feel your terd and hearing it say, “hey let me out, make me happy and free” because you are so fully involved in searching the internet for “nothing”. I sit here at my watch on work and it has been almost 8 hours non-stop searching through various craiglist.org categories for some internet treasure whether it be the “Free” Ads or “Talent gig’s” even though I really have zero talent. Even when it comes to finances I’m really no ninja yet. I am on my path to becoming a real ninja master. I’m daily assassined by masters of the markets.
I mean what have I really accomplished in the past hours and hours browsing the internet for nothing? I’ve replied to 50 something free listings, looked at 10 real estate properties I can’t afford at the moment to invest in, wrote 10 e-mails to people I don’t even get a real response back from, ate one cherry blow pop, drank 1 red bull, 1 dr. pepper soda, opened 4 pieces of mail, checked all my online bank accounts, read some blogs, and now I’m eating French Burnt Peanuts…
I’m mad with myself lately because I’m in NTRI 17.5 Aug Puts. I thought it was a great play. All the charts were down, but now can I be wrong? My options are likely down 50%. I couldn’t stay and watch them so I could not get out. What I’m mad most about is the market. This stock popped up in the last half hour yesterday and for what??? The general market went up but no news would have made this stock go up so much. What is more interesting is that it went down the same amount it went up! This same thing happened the day before but it ended up opening higher anyway. I really don’t ever understand stocks, maybe you don’t have to be a great options trader. One thing I do know is if I don’t get down a good method of being able to constantly be profitable I’m going to be forced to stay within the military another 4 years. I want success in my life just as my poop wants to finally exit my body and be flushed down some mysterious black hole into it’s own heaven of poopy friends.
So as I listen to some old dramatic Moby eating French Burnt Peanuts I wonder what the world awaits for me, but I already know it doesn’t have anything waiting for me except myself to create whatever I want to happen is up to me! And that sucks sometimes when you are more of an itnernet droid then an internet creator. I think I’m much better at making things happen for others and helping them create great worlds then create my own. I don’t know if this is a curse or just needing to find the flower spray to clean up the smell of my own poop that has become like a slave stuck to my toilet.
Anyone have any suggestions for talent-less people who are good at inspiring others, but have a hard time inspiring a bit of real tangible success in their own lives?
July 30, 2008 | Categories: trading stock options | Tags: being overly dramatic, help with inspiring others, internet droid, mad at yourself, myself, need success, NTRI, poop, put options play, stocks, talking about poop | Leave a comment
wild market seems like. trading blind.
It seems since I got back from patrol in march 08′ that I’ve been the total slacker journaling in my market diary, practice trades, and just keeping up with my favorite stocks. I basically traded blind in April-May and got what I deserved losing my account. The market has been so wild. Like today FSLR down almost 40 pts in a month and specifically down -$15 today. GOOG has been moving up finally and it’s PEG of 1.00 deserves the stock to do so. A $600-700 price target looks really realistic with all the billions, new technologyies, and still growth. Then there is oil and energy stocks. It’s a no brainer oil stocks were going to move higher and pull back. Lastly theres big growth stocks like MA and V. I have to admit I was not trading V at the right time at $82 twice. When I saw is laying dead at $77 that was the right pull back price now currently hit $87 this move would have been plenty to earn 100% on, but I guess you keep learning and eating dirt along the way…
Still waiting to close. VA appraisers most be stereotyped to take forever to finish so now I have to wait the full amount which is June 6th supposedly to get my keys. My refinancing if everything goes smooth will be June 9th. My home was appraised at $117k in Virginia. I’m still happy with that with the markets fluctuating in housing industry. That’s still almost a 50% gain over 3 years on the purchase price. My home in Hawaii was appraised higher then the selling price so the appraiser knew it was worth well more then what I paid. Usually a home is only appraised at the loan value not more over while mine was appraised $10k over the purchase price meaning the true market value is around $60-80k in the money full of equity. This is pleasing in the chance that in a few years I could earn over $100k would be awesome if I did decide to sell. Even then I’m going to turn this into my dream home (or should I say apartment) so I might really end of loving it.
May 29, 2008 | Categories: trading stock options | Tags: appraisals, big returns, condo, dream home in hawaii, equity, fslr, goog, housing industry, ma, refinancing investment properties, stocks, v | 4 Comments