CHESSNOID

Earlier today, I checked my UpDown account before I went to work. I was actually down about $25,000 in my simulation account. After the Fed announced its decision to just hold steady, the market retreated and my ETF purchases erased all its losses and ended up just shy of $680 from where I started. I think tomorrow after the market digests the news from the Fed not doing anything, investors will selloff a little bit to avoid another downturn like last week. American Express announced it sees worsening credit conditions in its own portfolios. Discover will be announcing last quarter’s earnings too. I am hoping these actual announcements will help my SKF ETF bounce up tomorrow and Friday. I didn’t sell as I planned and I am rethinking about putting limit orders in case it bounces up only temporary to lock in gains.

I know this simulation is suppose to help you become a better investor, but really I feel more of a daytrader or swingtrader. I am guessing the top performers who have turned their million into 18 million in a year or pros at daytrading or swingtrading. To be able to that in less than a year is phenomenal. I wonder if they do the same thing with their real money.