Monday, November 28, 2016

Portfolio Update: Zeroed Out & What I Should (And Shouldn't) Have Done

Right now the portfolio is sold out and just about worthless.  I had around $600 to play with and it's down to $73.

A few things I should and shouldn't have done:

Shoulds:

  • Sell half at a time during good times and bad.
  • Invested in dividends.
  • Set alerts.
Shouldn'ts:
  • Leave the portfolio alone even as little as a single day.  I missed a big spike on one of my stocks and next thing I knew it was stuck for good below what I paid for it.
  • Use a predatory broker.  Brutal additional penny stock commissions chewed up any small profits I made as I panic-swapped.
  • Taken pie-in-the-sky PR so optimistically.  Yeah, you heard me, BRGO & TBEV.
I will say I'm totally thrilled to have gotten out of GBSN when I did, at about $3 a share.  After a few ridiculous reverse splits, it's below 2 cents as of this writing.

Is this blog over though? It isn't.  I have been fortunate enough to know that a co-worker I've known for years has made over $100,000 in the last year with smart trades, and a friend he has helped has turned $3,000 into $36,000 from August to November.  He will be helping me as soon as I have $500 to invest in through a better trading account.

Please stay tuned.  I will be blogging about my challenge to raise $428 more, appreciate your readership and intend to get things done right this time around.  Thank you!