It is my job to set stop loss so that I can survive market volatility. I ended up selling MCFE with loss $200 dollars.
It is my short term history in my USA retirement account.
I will work on lessons learned:
- I should have sold it early, or stop loss at $50 dollars.
- I limit my stock purchase less than $6000 dollars, since I know that it is hard to beat the market.
- Stop big loss is tough job for me to learn.
- I had $200 gains from $19,100 to $19,300, gains are small ones, but loss is quick and less than two days on MCFE, $280 dollars in less than two days.
- I should not keep position $1800 dollars on MCFE, it will be much better to hold MSFT $1800.
- I need to learn lessons - keep learning.
Technical problem of Ameritrade.com
Ameritrade.com showed wrong market price for me to sell, I double checked twice, it is $16.80, not $15.90, so I decided to sell on market price with $1680.00. But final price is $15.90.
To play stock market, I like to learn more about business. It helps me to understand US business and stay frugal to survive hardship.
3% rebound in less than one hour
Buy high and sell low - panic
It is hard for me to learn as a stock investor. I was panic and then ended up with $200 dollar loss.
Follow up 9:43 AM
What I should do is to expect that there is a big drop at 7:00 AM. I should sell all 100 shares, wait for the drop, and bought back at price $16.00 dollars, and sell it at $16.50. And so on.
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