Monday, November 21, 2011

my first heart attack upon seeing the number of debt.

I am working as a full time in psa for about a year for a shift work, before that I know nut about stock. Till I convert to normal shift from a 3k salary I convert to a 2k salary to help my current manager.


My friend Keith recommend me stock. Urge me to register a account. I trust him and register one. And I start earning a hundred a day... I was telling myself how easy was that.  Do nothing.


And poems gave me 20k to trade. But I have 4 days to exit if I earn enough.


Let talk about my first trade.


Level 3 communication.

Buy price 1.58 enter n sleep... Next day 1.52 I begins to panic...

I decide to call my friend Keith. And he told me sell at 1.57 at least lose won't be that much..


And we proceed to enter China stock... A very risky strategy AUTC from 35drop to 12 and I enter somewhere around 10.6 and exited at 11.40 earning about 600-800

We head home directly. I brought about few lot. 10.40

The next day it drop to 9.8 I begin to panic again...


Very worried I fall into debt.

True enough I fall into the pit... My trade start at end of Sept, I lose about 5-6k today my birthday 21 Nov.


Within 2mth I've burnt the whole hand...

Right now I tellin myself to cut debt... From a previously earn 3k spend 3k lifestyle to a salary 2k plus 5.5k debt.


I targeted myself 6month


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