If there is one thing you should be doing tonight, it is this. You should be creating three individual lists right now.
The first list should be a buy list. These are stocks you feel are buyable for a trade. This might include stocks that have held up well recently that are nearly actionable. Focus on stocks from solid performing groups, such as financials, energy, semiconductors or select industrial stocks.
The second list should be a fire-sale list. These might be stocks you could invest in for awhile. Stocks that will be a good core to trade around over the next few months or year at minimum that have been severely over discounted in the short term.
The last list should be a list of “asshole stocks,” These are stocks that you are drawn to, like catfish internet predators, who are trying to lure you in with a fake avatar and a weakness to your glowing personality and lonely online classified advertisements. These should be stocks that trade with no soul. The stock you can’t look away from, but are losing in every single attempt at trading it. For me, I have a list of “asshole stocks.” They are as follows..
2007 – AMZN
2008 – HANS
2009 – TOL
2010 – X
2011 – BIDU
2012 – FB
2013 – NFLX
2014 – Everything
If you have found a particular stock that you are falling in love with, please feel free to openly express your sentiment towards this stock here in the comments. I am a shoulder to cry on during times of financial turmoil, and I promise to not laugh at your expense.If you enjoy the content at iBankCoin, please follow us on Twitter