Caught In The Middle With Online Trading

I shut down early and took a much needed walk around the block hiatus from online stock trading.

It had been one heck of a day. Fortunately, I didn’t have a net loss, though some of my sector choices went down further than I had imagined.

One of my good friends, who does not yet do any online stock trading or online trading called me nearly in tears. He had called his broker earlier in the day and had found that the sale was executed later than what he had thought, and he had lost a lot of money.

The remainder of the day I spent searching for sec-tors of the economy and even individual businesses that might at least hold their own.

One area that may hold up is consumer goods.

Another area is stocks in the adult entertainment business.

Also, any businesses that help other businesses save money or ex-pedite a service or product.

In addition, I checked Campbell Soup. I had heard that it was somewhat recession proof. In fact, I got this tip a while ago from a ren-tal agent at Enterprise Rent a Car. She was a history and art history major, and had re-membered reading that fact somewhere.

I suppose it pays to know your history.

So, I decided to spend the rest of the day researching and trying to come up with some intelligent choices for trading tomorrow.

I was wondering what some other members of the online stock trading group were doing, so I IMed a few, and we chatted. [SPIN]The majority|Most[/spin] were not in a good mood.

One guy was essentially wiped out. He was shutting down his computer. He kidded about selling it. For a moment I thought I might like to buy it. It’s a decent Dell. But I passed. I really only use one computer at a time.

We all logged off feeling pretty awful. I was at least not bleeding. But each day it was getting more difficult.