God I'm a moron

Not really.

But have you ever missed something so basic and obvious you feel like you belong on the short bus?

In December, I decided I wanted to learn more about the stock market and trading. I took a weekend class that had about 2 weeks worth of info crammed into it, read books, studied charts, started doing virtual trading online for practice, etc.

I realized I'm pretty good at this. My insight and analysis was good, and overall I was way on the plus side.

So, I transferred part of a Roth IRA to a brokerage firm, watched and waited, watched and waited, until one of the stocks I was watching hit the buy point. I made a conservative buy, and was pleased to see that in the last 3 days the stock rose 10%, and I can see it's going to go up for a while longer.

I log on to my brokerage account, and am dismayed to see "Purchased rejected, insufficient funds"

What??!! I'm looking right at the fund I transferred over!!!

So I called them to see what I did wrong.....



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I forgot to sell some of the stock to fund a cash account.

DOH!!!!