Caught In The Middle With Online Options Trading
Posted on October 30, 2008
Filed Under Stock Market |
I shut down early and took a much needed walk around the block hiatus from a href=http://www.tradeking.com/ target=’_blank’online trading/a. brbrIt had been one hell of a day. Fortunately, I didnrsquo;t have a net loss, though some of my sector choices went down further than I had imagined. brbrOne of my best friends, who does not yet do any online stock trading or a href=http://community.tradeking.com/ target=’_blank’options trading/a called me nearly in tears. He had called his broker earlier in the day and had found that the sale was executed later than what he had thought, and he had lost a lot of money.brbrThe rest of the day I spent looking for sec-tors of the economy and even individual businesses that might at least hold their own.brbrOne area that may hold up is consumer goods.brbrA second area is stocks in the adult entertainment business.brbrAlso, any businesses that assist other businesses save money or ex-pedite a service or product. brbrAdditionally, I checked Campbell Soup. I had heard that it was somewhat recession proof. In fact, I got this tip a while ago from a ren-tal agent at Enterprise Rent a Car. She was a history and art history major, and had re-membered reading that fact someplace.brbrI guess it pays to know your history.brbrSo, I decided to spend the rest of the day researching and trying to come up with some decent choices for trading tomorrow.brbrI was wondering what some other members of the online stock trading group were doing, so I IMed a few, and we chatted. [SPIN]The majority|Most[/spin] were not in a good mood. brbrOne guy was effectively wiped out. He was shutting down his computer. He kidded about selling it. For a moment I thought I might like to buy it. Itrsquo;s a nice Dell. But I passed. I really only use one computer at a time.brbrWe all logged off feeling pretty bad. I was at least not bleeding. But each day it was getting more difficult.br
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