I got clubbed to the tune of 30% in DTEA, a stock that held for about an hour. Some people hold onto stocks that treat them like that, so violently, so soon, because they’re still in shock. But a 30% loss in 10 minutes is the same as 10 days. The loss happened fast and I really didn’t have much time to react. The prime reason to sell is distraction. I do not want to be reduced to box watching a position or emotionally invested in it. I took a shot. It failed. I move on.
Because of the rout underway in CBD stocks, I opted out of all but one today.
Here are my results:
The sad part about those gains above is they were offset by the DTEA. Whatever.
I’m mostly cash now, actually 80% — chilling out and thinking about eating something delicious now.If you enjoy the content at iBankCoin, please follow us on Twitter