TECO Bulls being controlled by emotions I took a

TECO Bulls being controlled by emotions

I took a peek at the iScam TECO board this morning and as expected, the usual suspects are now enraged by the decline in PPS and grumbling about this or that.

The bears look at this and laugh, then dump more shares into PPS.

Invest your money in the market, not your emotions. If you can't do that, you are going to pay for it in lost capital or possibly an early heart attack or stroke. I'm not even kidding about the early heart attack or stroke.

Investors/traders must learn and adopt a system/methodology that gives them an appraisal for a position with defined entries and exits.

You need to know how much you are willing to lose and come to terms with it before you ever enter a trade. You need to know what your exact triggers for an exit, your exit strategy, and be prepared to pull the trigger when it is time.

If your trigger is not hit, then who gives a shit.

When I day trade the markets I enter every position with a limit order and a stop limit. If stop is hit I move on to the next trade. Why? Because there is always another trade around the corner.

My max loss on penny stocks is 50%. However, I usually move out at 25-35% when I am wrong. I am so far away from a stop out on TECO, and all of my longer term technical and fundamental analysis stacks the odds at a much higher move in the next 3-6 months, that bidwhacking doesn't scare me, it makes me greedy for more shares.

Focus on methodology whether it is technical, fundamental, or a blend of the two. Forget all the rumors and chatter, and especially the rants and emotional drivel of lesser traders. At all costs you must purge yourself of emotions when investing/trading, they have absolutely no place in this game.