Proactive vs Prowishing Ok, so 'prowishing' isn
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(Total Views: 1098)
Posted On: 08/31/2017 8:36:18 AM
Proactive vs Prowishing
Ok, so 'prowishing' isnt a real word; although I will contact Merriam-Webster and request the word be added (they denied my request for cray-cray).
Anyways, when you invest, you need to be proactive. Investing should not be like this:
1. Spend money on one stock
2. Hold for all eternity
3. Wish and hope for it to make you a profit
Investing should be like this:
1. Spend money on a stock
2. Buy more when the market indicates and/or
3. Sell when the market indicates and/or
4. Reinvest elsewhere when the market indicates and/or
5. Buy back into your stock at a lower price when the market indicates
Prowishing is theoretically nice. You get to check your stock every day; it gives you something to do; you get to talk to people in online boards.
But when it comes to making capital gains.. its not the best way to do it.
Theres this odd notion that you 'only lose money when you sell'. Not true. Invest $5,000 in a stock that never moves and you lost that money regardless if you hold it for 50 years.
Not investment advice
Ok, so 'prowishing' isnt a real word; although I will contact Merriam-Webster and request the word be added (they denied my request for cray-cray).
Anyways, when you invest, you need to be proactive. Investing should not be like this:
1. Spend money on one stock
2. Hold for all eternity
3. Wish and hope for it to make you a profit
Investing should be like this:
1. Spend money on a stock
2. Buy more when the market indicates and/or
3. Sell when the market indicates and/or
4. Reinvest elsewhere when the market indicates and/or
5. Buy back into your stock at a lower price when the market indicates
Prowishing is theoretically nice. You get to check your stock every day; it gives you something to do; you get to talk to people in online boards.
But when it comes to making capital gains.. its not the best way to do it.
Theres this odd notion that you 'only lose money when you sell'. Not true. Invest $5,000 in a stock that never moves and you lost that money regardless if you hold it for 50 years.
Not investment advice
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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