Due to Market Turmoil, Liquidating Most of Portfolio
Published: Thu, 05/06/10
Due to market conditions and European turmoil and seeing this happen before, instead of hoping for things to work out in a positive scenario, I've opted to liquidate a majority of my portfolio and to wait for the market conditions to stabilize. In my experience of trading, hope is not an ally in your market strategy. Cash is king in this market until things stabilize and the direction is confirmed. Going forward, trading shares should be cut back, and stops should be tighter.
Summary of Liquidatation
- Out IBKR 300 @ 16.8 +.13
- Out CF 100 @ 75.73 -11.28
- Out YHOO 200 @ 16.1 -.98
- Out EBIX 400 @ 16 -.45
- Out GT 300 @ 12.79 -1.56
- Out AKS 300 @ 15.76 -.32
- Out UNH 150 @ 29.87 +.39
- Out UNH 50 @ 29.87
- Out INTC 900 @21.98 +1.06
- Out CF 100 @ 75.73 -11.28
- Out YHOO 200 @ 16.1 -.98
- Out EBIX 400 @ 16 -.45
- Out GT 300 @ 12.79 -1.56
- Out AKS 300 @ 15.76 -.32
- Out UNH 150 @ 29.87 +.39
- Out UNH 50 @ 29.87
- Out INTC 900 @21.98 +1.06