Friday, January 15, 2010
OK! What has to be done has to be done. Just as one celebrates the spoils of war at the end of a victory, one must assess the damage at the end of a defeat. I will just state the facts. Here is how my portfolio fared today.
NEP down 3.11%
SWC down 0.88%
SBIB down 2.04% (from the price I bought today)
WYNN down 2.33%
Overall account - down ~ 2.25% today.
In the last couple of months, my account has gone up over 60% with no losing week which makes this day kinda hard to take. In this time, most of my losses have been around the 1% mark, so that means I haven't been exposed to losses of this magnitude for a long time. Whose fault was Today? I can think of three factors - Me, me and me!!
I might have still been able to sneak in a positive week, but I will have to do the math for that. More on that during the weekend!
How did you fare today?
Update: I just wanted to share with you readers an interesting habit of mine. I always go out and "celebrate" a decent down day!! And never a big profit day. It helps me put profits and losses in perspective.
With losses - I trade with money I can afford to lose. I can still party!
With profits - The market giveth, the market taketh. Stay humble.