Hey Lodge...don't feel bad..... I was originally
Post# of 15624
(Total Views: 271)
Posted On: 02/20/2018 12:16:03 PM
Hey Lodge...don't feel bad.....
I was originally in at .60 cents......I watched this going up and stubbornly held as I wasn't in to make a few dollars....
Once it started coming back down I decided to sell and bank some money so I sold at 1.89...made 3 times my money...
But the stock bottomed out and started climbing again...and not wanting to be out of OW I re-entered at 1.92.
Then the stock tanked.
Just like you I have built my position back up and lowered by average price now to just over a dollar.
At no time was I regretful and sorry I got back in and am holding....
WE all get fooled a lot of the time by the market.
Me, I should know better because I used to teach day trading and a big part of being successful is managing the psychology of trading...what we think we should do is often not right and the emotions that enter into a trader's mind are most often destructive.
So the bottom line is don't beat yourself up.
We are in a great stock, a company with huge upside and mojo the likes you won't see too often.
Glad you're here!
Puss
I was originally in at .60 cents......I watched this going up and stubbornly held as I wasn't in to make a few dollars....
Once it started coming back down I decided to sell and bank some money so I sold at 1.89...made 3 times my money...
But the stock bottomed out and started climbing again...and not wanting to be out of OW I re-entered at 1.92.
Then the stock tanked.
Just like you I have built my position back up and lowered by average price now to just over a dollar.
At no time was I regretful and sorry I got back in and am holding....
WE all get fooled a lot of the time by the market.
Me, I should know better because I used to teach day trading and a big part of being successful is managing the psychology of trading...what we think we should do is often not right and the emotions that enter into a trader's mind are most often destructive.
So the bottom line is don't beat yourself up.
We are in a great stock, a company with huge upside and mojo the likes you won't see too often.
Glad you're here!
Puss
(0)
(0)