Go looking for a hot trade and sometimes you only got burned.
And on Fast Money we don't hesitate to hold our trader's feet to the fire if they make a bad call. And some of their calls were bad -- really bad.Following are the moves our traders regret most for all of 2011.
Stephen WeissEarlier in the year, a wireless trade never quite connected. “I bought NIHD early and lost money. Sold it. Went back in lower. Lost more money. Sold most of it and still have small position”What does he have to say about the trade now?
“I was right on the fundamentals but wrong on the timing,” he says. ”I still have a small position because at 2.5 times it’s too cheap.”
Dan Dicker Thinking that all the bad news was baked into the stock Dan Dicker bought Transocean three times “at $58, $45, and just Above $40,” he says. And every time the stock went lower.
What does he have to say about the trade now?
“I fought the tape all the way down,” he admits. “I misinterpreted how much the Street hated this name,” he says.
Jon NajarianConvinced that coal was the energy of the future Najarian bought Walter Energy at $80 just as the overseas crisis began roiling markets. “I punted at $70,” he admits.Page 1 of 4 | Next Page