NOKIA dividend paid after I sold this position at a loss

Cruel irony. After my lesson about 'holding your breath until your stop loss is in' and deciding to bite the bullet on my ill conceived NOKIA trade, I got a very reasonable dividend cheque. Mitigated the loss slightly. Would have actually covered the stop loss if I had had it in.

Actually, I thinking about buying NOK again after seeing this article. That's the thing about taking a loss. You can always buy the stock again if the technical indicators are good, and admitting you were wrong about a trade gets rid of the emotion of holding a losing position.

Income Portfolio Analysis

The next few months are going to provide an excellent test of the Daily Income for Life trading and investing strategy.

After I dump my last remaining Active Trading (NOK, TNP) and underperforming income positions (AWP) tomorrow to stem further losses, I will only have income stocks remaining. I'm shorting one tech stock (HXL), but am not attached to the result. Catching it's correction might for a small gain might just make me feel better that I sold my HXL position too early back in April at 20% profit in a month rather than 60% gain in three months I could have made.

Left in the Income Portfolio
AGD
AOD
CPLP
FTR
AGNC
NLY

These stocks are all paying between 10% - 23% in dividends. The income stocks that were yeilding less than 10% were sold to realize capital gains from the last 14 month bull market.

Currently, only FTR does not have unrealised losses after the panic market correction and spiking volatility we saw in the last three weeks. However, because of the high yields,  if I hold these positions long enough they will all turn around eventually and continue to provide long term dividend reinvestment.
As the prices decline further before we reach a stable bottom, the yields relative to price actually will increase. Also, dividend reinvestment will purchase more shares. This should position the Income Porfolio to gain healthily if this correction rebounds. These stocks were all purchases with the long term investment and dividend reinvestment in mind. Gains that were taken were based on the recent bull market and technical analysis providing solid reasons to exit.

The real question is, what will happen after this correction? Commentary is all over the map right now. The only sure thing is that trust in the entire financial system will sink to yet another low after the two shocking down days in the last two weeks.

Trying to feel better about losing 3.4% of entire portfolio value in one day today.

In the spirit of 'I did do something right in the last six months...' with links to the posts to prove it. Why does this feel like a desparate attempt to cheer myself up...Because it is, dammit. Today was a nightmare.

Sold O at $32.79 for 41% gain  Today O is trading at $28.89.

Closed INTC at $24 for 46% gain Today INTC is trading at $20.77.

Closed 30% of AGD at $11.79 with 80% gain  Today AGD is trading at $8.10

Closed BPT at $99  at 41% gain Today BPT is trading at $88.

Closed HXL at $13.50 for 20% gain in less than 1 month

Swallowing Bitter Pills #2: Dump TNP Position

Lesson Learned: Always use a trailing stop. Oh, why is this a theme today?

Swallowing Bitter Pills #1: Dump NOK position

Dumping NOK position. Take the hit and learn the lessons

Lesson learned: 1. Don't put in long orders in falling markets until there is confirmation that the trend has turned around.

Lesson Learned 2: When you put an order in, hold your breath until you've put your stop loss in. If you need to think about the stop loss, while you breath is being held, you didn't plan the trade properly...

CPLP Dividend Paid 23c 11.26% p/a

Greek Shipper runs super tankers. They cut their dividend to 23 c, which still makes it 11.26% return P/A at the current price. May pick up more stock if I can see a good entry point.

O Realty income dividend paid.

 Wait, I already sold this stock at close to the 2 yr high and they are still paying me!