Final Week

 If nothing else the stock game has proven out the great social experiment. Not unlike the bell curve to the left, my emotions drove most of my stock buy and sell activity. I notice my earlier strategy went out the window. Prior to the last week I was making at least half thought out decisions. My big fear starting out was losing all my money.

During this last week I waited for a couple of my losers to rebound (hope). I had done fairly well on my Canadian portfolio and was up from the high teens sitting at 8. Wow. I considered what could I purchase and maybe make some cash on in the final week to see if I could climb the US rankings (greed).

On my watch list I had been tracking Silvercorp for a few weeks, it had been on the rise (hope). Buying on November 9, $30,000 worth, imagine my shock when on the 10th I was down almost $2400! (fear). I will give it a day (hope).

Sitting in front of my computer screen on Friday November 12th staring at my stock portfolio, though logically I know I can not recover from my, now $3,600 plus loss, I wonder if others may have done the same (hope).

I later that day I read that Silvercorp had bought a Mexican mine located in China on November 8th; after reporting record sales and announcing the first ever dividends to be paid out. Click here to see the drop of doom. Choose the one month view.

My biggest Losers were...

Avon

MGM Resorts

Silvercorp

My Big earners were...
                               Estee Lauder  Argonaut Gold
                                         Canadian Natural Gas       





Considering my over all performance I am pleased. I finished 6th in the Canadian market. If I had not made that last greedy silver trade I would have finished 14th in the US market but I did so instead I finished 21st . I did hang in for some stock to rebound CNG and LULU those paid off. I did use my hunches to produce some good results. I believe I may not be cut out for 'trading' with other peoples money. I find I am very intersted in selling stocks of a company I own or work for.

In the end the learning was worth any mental anxiety after all it wasn't real.