IBM came back to bite me, it dropped somewhere around $13.00 (9.9%) and pulled my accounts down $1658.50 (3.49%). I am not really concerned about the accounts being down, I think this only set me back about 2 months, so that’s not really a big deal. The question I have is; How do I move forward in a way that is the most beneficial. I could keep up the aggressive positions, accept that this IBM trade will probably end in a loss and just focus on making the money back. Or I could hang back and play it safe in hope that it will bounce back. Lucky for me, I really sunk my teeth into IBM and have it in both accounts; so I’m going to play it both ways and see which one works best.
I also think some ground rule changes need to come into play as well. I need to not double-dip, by that I mean not have the same stock in both accounts. Another thing I need to do is to watch for earnings announcements when starting new positions.
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