Posted On: 06/06/2014 2:47:10 PM
Post# of 5949
I want everyone to hold with me but if you are stressed, you might want to sell 10/11. It's not worth it....
What will you do if we take a sudden 50% haircut? Will you hold strong? Sell for very little? You have to separate emotion and only trade what you can lose, I've seen people sell at a big loss due to fear on a big pullback only to see it go back up hundreds of %'s 30 min later.
Penny market is controlled by fear, to make money you cannot be afraid.
What will you do if we take a sudden 50% haircut? Will you hold strong? Sell for very little? You have to separate emotion and only trade what you can lose, I've seen people sell at a big loss due to fear on a big pullback only to see it go back up hundreds of %'s 30 min later.
Penny market is controlled by fear, to make money you cannot be afraid.
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