Can't really blame people for taking profits. Ther
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Posted On: 01/24/2017 5:13:48 PM
Can't really blame people for taking profits. There's a lot of money on the table and it sometimes takes fortitude to keep your finger off the sell button.
About ten years ago I had purchased a uranium stock for an average price of about five cents. I had 100,000 shares and when it got to .30 I gave in and sold thinking I'd done pretty good. Well, actually I did make a nice profit.
However, just days after I sold the stock started to soar. Just less than two months later the stock closed at $4.60. $460,000..............and I sold for $30,000
I could've retired ten years earlier had I been patient. I learned a lesson with that stock and I'm holding RMHB for the long haul and if anything, will continue to add to it when I can.
It's a slippery slope when you live and die by every trade. Stay steady and keep your finger off the sell button and you will be rewarded for your patience.
Just take the ups and downs in stride. No stock in the world goes up every single day, but this one is going to have more ups than downs.
Best of luck to everyone........
About ten years ago I had purchased a uranium stock for an average price of about five cents. I had 100,000 shares and when it got to .30 I gave in and sold thinking I'd done pretty good. Well, actually I did make a nice profit.
However, just days after I sold the stock started to soar. Just less than two months later the stock closed at $4.60. $460,000..............and I sold for $30,000
I could've retired ten years earlier had I been patient. I learned a lesson with that stock and I'm holding RMHB for the long haul and if anything, will continue to add to it when I can.
It's a slippery slope when you live and die by every trade. Stay steady and keep your finger off the sell button and you will be rewarded for your patience.
Just take the ups and downs in stride. No stock in the world goes up every single day, but this one is going to have more ups than downs.
Best of luck to everyone........
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