Okay, that Dow Jones Corp/Murdoch short was a mistake.
The stock did dip a little bit through the middle of the day. My million-dollar short position was showing a $18k gain for a little while, and I should have closed it then. I was sure that we would see DJ drop over the next 24 hours, so I held it. Dumb!
Mistakes were made; lessons were learned. Fortunately, I made enough money on a BRKR short, and my QQQQ purchases that I almost broke even for the day. (Almost.)
Right now I'm at 2.611 million, which means I'm in second place for net worth at bullpoo.com. At least the frontrunner competition is more interesting now. Jrtowell seems to have left his portfolio on autopilot, holding 26000 shares of AAPL. It shouldn't be too difficult to make first place again.
Beating jrtowell will not be my focus, though. Instead I'm going to try to build a strong base portfolio while working on developing my day-trading tactics.
Let it be known that I have very little experience with trading or investing. That's probably obvious. Yet, here I am near the top of the board for net worth. I'll try to put on a good show if nothing else. Please excuse my stupid mistakes.
I'm short on time today, as usual. I'll try to post something a little bit more informative tomorrow.
-z