Tricked into a short by the Dow Jones
I went short on the break of the support line today at 11430. I was so sure that we would see a huge move that I went in 3x normal size. The market moved 10 points my way and then reversed tricking myself (and I’m sure a lot of other shorters), taking me out at 11455 for the equivalent of -25 x 3 = -75! Ouch!
The moral of the story is to always bet the same size for each trade.. afterall, you just never know what will happen as we see today. The markets are notorious for doing this sort of thing, a break of the day low should see an influx of shorters but the market makers know this and capitalise by moving the markets the other way to cause as much pain. I do wonder why I trade the Dow at times as it keeps on doing this.. the Forex markets have been much kinder to me!
One investment capomny will handle the 401k .but in most programs there will be mutual funds available from different companies . most 401 s do not provide for buying individual stocks performance will mostly depend on WHAT you invest in not WHO you invest with.Over the long term, especially in conservative investments, it won’t make much difference. Just put in as much as you can .watch the investments after awhile and hope for the best. Some things for sure IT’S YOURS, IT’S THERE and IT’S WORKING FOR YOU ( unlike Soc Sec )