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Subject:  Tired/confused newb in need of wisdom... Date:  6/23/2010  8:25 PM
Author:  Humberticus Number:  101 of 125

So I started trading back in may of 2009 and was really excited when I had a good year portfolio-wise. I only tested the water with 3000, so while I made an impressive amount percentage wise I am still no warren buffet. I sold in january and decided to try the waters again but decided to be a little more aggressive and got into chinese small caps. Boy do I ever regret it. One of the companies I invested in is being accused of fraud and is under attack by shorts and the other is just sliding down more and more every day, to the point where I think I might lose all of my 2009 gains. I like to consider myself a long, so part of me thinks I need to just stop looking at the numbers everyday and let the months go by, but another part of me is paranoid about one of these companies going under and my portfolio imploding while I am none the wiser. I spend a lot of time after work every day going over the yahoo message boards reading people telling you to SELL SELL SELL and others to BUY BUY BUY, some tell you that a company is a complete fraud and others will tell you to listen to them instead. I feel totally lost.

I currently have a very good job that pays well but in no way will allow me to buy a home within the decade by brute bank savings (I mean.. a money market account only gets me .85% thats ridiculous!), rather I want to put those savings to work agressively so in 5 years I can actually put down a substantial amount for a home.

I'm still confused as to what direction I should take. I think my 2009 gains were just pure luck as a result of the bull market and now I am getting my butt kicked. Every time I look at the big red number and how much I am under I totally feel like crap.

How do I deal with loss? I am sure if I wait in the magnitude of years I might recoup the losses, but I just can't help feeling really bad.
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