Cramer sold out of AA today; so I followed. I went in and out on his buys and sells. Shows how silly it is to just follow and not contain your losses. If you’ve followed me for a while you know this is always THE LESSON. When will I learn?
Here is the painful news of the 30++% loss
| 3 | AA | 35 | $5.93 | $207.59 | $902.09 | TOTAL SPENT | $289.89 | LOSS | |
| sept 30,2011 | 1-Nov-10 | 15 | $13.19 | $197.85 | -$612.20 | SOLD | 32.14% | BIG DOES NOT MEAN SAFE | |
| $9.57 | 11/12/2010 | -10 | $13.37 | -$133.70 | $842.69 | PAID | |||
| -4.77 | 11/19/2010 | 7 | $13.33 | $93.31 | $59.40 | FEES | |||
| -33.26% | 11/22/2010 | 7 | $13.19 | $92.33 | |||||
| to get even= | 12/3/2010 | 6 | $13.90 | $83.40 | |||||
| 49.84% | 12/9/2010 | 10 | $14.08 | $140.80 | |||||
| 1/10/2011 | -5 | $16.46 | -$82.30 | ||||||
| 4/8/2011 | -5 | $18.00 | -$90.00 | ||||||
| 4/11/2011 | -5 | $17.85 | -$89.25 | ||||||
| 5/10/2011 | 10 | $17.40 | $174.00 | ||||||
| 8/8/2011 | 5 | $12.20 | $61.00 | ||||||
| 12/28/2011 | -35 | $8.55 | -$299.25 | ||||||
CCut your loses by minimizing how much loss you will take. This will be my rule for 2012 wwhich it has not been. Costs too much to recover!