First Major Mistake in Smalltime Model Portfolio : Small Time Blog

First Major Mistake in Smalltime Model Portfolio

by Bradley Voight on 01/27/14

I promised myself I would try to use the knowledge I have gained in my personal account to avoid the mistakes I've made in the past. Well I made one by purchasing a call option on a stock I own in my personal account. I should not mix the two accounts but options commissions are much lower on Tradeking than on Scottrade. Not only did I make the wrong call (so far) but I bought 2 contracts instead of one. You can see the dismal performance on the portfolio page. Mistakes are part of the learning curve. My learning curve has turned out to be like a mountain road thus far but I feel it will be worth it in the end. It is not all lost yet though, PLUG could still make a run toward $5 and bail me out. I have until February 22 for that to happen.

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