Sept. 21, 2020
Introduction
I take risk to purchase NCLH and AAL last Friday when there are over 5% loss, but I did not set up stop loss before this Monday. Market crashed again, and I have big loss over $551.07 dollars. It is my habit, and it is also my project management skills. I like to write down my lesson.
My preparation
Last Sunday night, I spent a few hours to prepare market open. I thought about revenge bet on Canadian oil stocks, and then my friend in wechat told me that prude oil price went down; I did not set purchase of all my $60,000 dollars cash. I studied what are revenge trade carefully.
Next I thought about how to bet on oil stock in my IRA account.
I know that investor likes to selloff since it is better to take profit and then run. I should set stop loss to prevent loss. I need to learn basics - how to protect the value of my portfolio.
I need to focus on learning this skills. Ameritrade is free to buy and sell stocks. Also I made mistake to purchase extra 100 shares of NCLH.
Actionable Items
My positions had over $600 losses in the early morning.
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