Last Tuesday was my worst trading day in 5 years

I got into a stock forum argument about a penny stock around 10am and lost focus. By noon I had made three impulse buys on a mining company ticker I barely researched. I ended up down $340 in a single session just because I let the chat drama get to me. Does anyone else find themselves making worse calls when they're reading forum chatter mid-trade?

2 comments

2 Comments

leo23817d ago

Gotta disagree man. I've actually had my best days when I'm bouncing ideas off people in the forum. The key is keeping your head cool and not acting on every hot tip someone throws out there. Sounds like the real problem was letting your emotions run the show, not the chatter itself.

ellis.charles16d ago

Ngl, I had a buddy who got wrecked chasing forum advice a few years back. He was following some hype train on a penny stock and lost like two months of rent in one afternoon. The whole experience just reminded me that forums are cool for ideas but never the final say, you know?