The loss on my speculative portfolio has reduced to $12,000. At the worst point, the loss was $22,000.
Not to worry. I had realised a profit of $22,000 from earlier trades. So, at the worst point, I broke even.
My biggest loss was on Sinopec. That position was caused by a mistake. I had intended to clear the position at a profit but instead submitted a BUY instead of a SELL order. The stock had been going down for several weeks. It may turn around now.
The dividend yield on this stock is 10%. So, I can afford to hold it until it recovers and enjoy the dividend.
Not to worry. I had realised a profit of $22,000 from earlier trades. So, at the worst point, I broke even.
My biggest loss was on Sinopec. That position was caused by a mistake. I had intended to clear the position at a profit but instead submitted a BUY instead of a SELL order. The stock had been going down for several weeks. It may turn around now.
The dividend yield on this stock is 10%. So, I can afford to hold it until it recovers and enjoy the dividend.
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