Entry 2
During the previous week I lost around $1000 in a stock a decided to sell, Finish Line Inc. I was fairly unhappy with this loss as I don't like losing money. I wanted to gain back my lost money as soon as possible but I still hadn't had much luck in making invests that bring me gains. I had got a tip from a friend that CyberArk Software was the most volatile stock in the game at that time. I had never really invested in stocks that fluctuated quickly and highly so I wanted to see what type of gains I could return off this investment, so I bought 500 shares. I was still curious as to what short selling actually did and what some potential downsides could have been so I decided to read an article on what short selling is and what cold go wrong if you do, http://www.dailyfinance.com/2014/01/13/how-to-sell-stocks-short-risks/. After reading the article I was able to take away that short selling stocks can be very dangerous because there is essentially no cap as to what a stock can rise to, meaning you could lose your entire investment and still have to pay back the broker who you borrowed the shares from. Although I do see the validity in this, from my personal observations I can see that I am much more successful in bringing valuable returns from short selling as supposed to buying. I decided to continue with this strategy by shorting stocks such as TJX Co., Mobileye and Biocept Inc. each bringing in relative gains.
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