After a great earning report by Microsoft and Caterpillar, DJI up 100 points when open but after renewed weakness in the financial sector. I sold all my positions today which includes MSFT, GRMN, SINA, CHL, GME, and YHOO. I still lost a lot of money and gain a bit. I profit 1.56% with MSFT, lost 39.22% with GRMN, 26.50% with SINA, 24.91% with CHL, 14.34% with GME, and 32.92% with YHOO. I know it's a big loss but I think I hold too long with all these shares and didn't pay attention to market sentiment. I learned that hope is not a strategy and that has been a big lesson for me.
As a trader, not a long-term investor, I should pay attention more to the technical indicator instead of the fundamental which what happened to GRMN, despite all the good news the stock price keep dropping everyday. In the other hand I short 10 shares of BIDU at $300.54. This is my first time shorting so we'll see how it goes.
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