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Bloody, bloody day. I went into the red large-scale for the first time

February 18, 2009 – Comments (2)

Well, today I joined the ranks of people who have seen their portfolios hammered by this mess.

Yesterday, via the boring old principles of patience, dollar cost averaging, buying beaten down stocks, and so forth I had managed to get to a situation where the DOW was at 7800 and I was down only about 1%, less if some put options I sold expire worthless.

Today the dow dropped a few percent, but my holding let go of almost 9%, leaving me 9+% down in one day.  I feel dazed, my confidence feels shaken, and I guess thats all part of the Wall Street experience.  Crazy stuff.