Everyday can't be Supercalifragilisticexpialidocious!!

"A wise man fights to win, but he is twice a fool who has no plan for possible defeat."
Louis L'Amour 

My friend Naonettrader wants to start using big words each day so I figured I would use the longest word I could find before he did.

So I have to tell you that today was a terrible day for me $TSRX $FCEL $ROSG were all losers for me. What you ask is so bad about that? Well let me tell you my friends.

I knew Better !!
 I even gave others advice that I failed to follow.
$FCEL had earnings last night that were pretty good and it was getting some good pr.The pre and post market action looked pretty good and their earnings call was scheduled for this morning.
So I had someone ask if they should buy more @ the open and I said this "There conference call is tomorrow morning I would wait until it finishes before buying." Had I listened to my own advice I would have had a much better day. In retrospect I realize why I suggested that in the first place. The price action is all that matters and the stock had already had a nice run so the stock was already pricing in the earnings report. It was a buy the rumor sell the news type of event. Now I still like the stock mind you. However, I should have waited to add to my position. I  made a real rookie mistake and failed to follow my plan.
 Noanet Trader wrote an article in his blog that I encourage you to read about that very subject.titled Trade The Plan http://noanettrader.wordpress.com/. He also has more than 1000 followers on Stocktwits in case you were wondering.

I did not stick to my plan and I paid for it.  I managed to post a small gain in my portfolio but I should have killed it today. I got caught wasting a ton of time staring @ $FCEL $TSRX  and $ROSG. What did that really cost me? It wasn't just the small loss I took in $TSRX  or the loss I am sitting on in the shares I bought of $FCEL. It was, in my estimation, a conservative two grand and here is why.

 I was thrown off my game and because of that I missed my entry in $UVXY which would have been an easy 700 bucks. I missed my entry in $ACAD which would have been another conservative 500 bucks. I missed $SONS which would have been an easy 800. I also could have added to $OSH which would have been another six or seven hundred. So you see, even though I do believe my life is truly blessed and I do my best to have fun and appreciate every wonderful day.I still make mistakes and I still have lessons to learn.