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Game Stop day!

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Symbol Name % Change
AMD AMD 0.66
BBY Best Buy 1.08
ET ETrade 0.38
GME Game Stop 1.55
MO Altria 0.37
MSFT Microsoft -0.07
NYX NYSE -1.75
T AT&T 0.30

Day’s Gain: $317.42

I started to panic this morning when the market was down and I sold Goldman Sachs. One of the reasons I sold this stock was because I was up 23%+ on this stock and it was up too much and I should move out of the financials and perhaps buying some insurance stocks for next year.

The highlight is GameStop. It was down more than 1% this morning and I wanted to buy more but I was afraid to since it is already almost 1/3 of my total holdings. Of course since then, the stock ended up 1.55% for a net of 2.62% which I could have made but that’s okay because I’m back in the green on this stock. Same strategy as before (sell half my positions before it announces just in case and put a trailing stop on it for the rest so if it just goes up after the announcement, I can let it run but if it doesn’t do so well, it will be sold automatically.

When applying for your new credit card, consider alternatives. Perhaps a short term loan would be a better way forward. Don't borrow what you can't afford and get debt help before it's too late.

2 Responses to “Game Stop day!”

  1. marci on Says:

    I think thats a good decision.


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