Good Morning Junebug. I am both humbled and flatt
Post# of 86974
(Total Views: 583)
Posted On: 05/30/2019 8:30:19 AM
Good Morning Junebug. I am both humbled and flattered by your comments --- thank you my friend.
I have not sold a single share, and I even transferred additional money to my trading account to pick up "deals" when prices level out. To those who just don't understand and cannot tolerate a down day or two, if you need the money, then take it and be gone. What this tells me is that you failed your initial test and still do not understand.
The mentality of most penny stock traders is to follow the crowd and watch the charts and quickly capitalize on every up and down. I watched for years as this mentality became dominant in pennyland. I have seen people make money this way --- a lot of money. I also have seen them lose the money just as fast. The thing is, all this is based on the theory that one can "time" the market. It is based on the idea that one can fully understand the inner thinking of the crowd. Yet any reputable broker will tell you this just isn't so. Timing the market is a myth, and one can hit it right or hit it wrong. I have seen fortunes lost when people were wrong.
As for myself, I do not watch the market every moment of every day. I invest based on what I know and can find out, and I search for trends and businesses and management that I trust and feel I can believe in. No one hits a winner every single time. In fact, I typically tell those I know to expect to lose money on ten stocks before you find the "one." However, that one you do find may easily make up for every one of your bad picks, and provide you with capital to further invest and to live your life on your own terms. Not many can claim to ever do such a thing, but living life on your own terms is the best reward of all.
Kgem
I have not sold a single share, and I even transferred additional money to my trading account to pick up "deals" when prices level out. To those who just don't understand and cannot tolerate a down day or two, if you need the money, then take it and be gone. What this tells me is that you failed your initial test and still do not understand.
The mentality of most penny stock traders is to follow the crowd and watch the charts and quickly capitalize on every up and down. I watched for years as this mentality became dominant in pennyland. I have seen people make money this way --- a lot of money. I also have seen them lose the money just as fast. The thing is, all this is based on the theory that one can "time" the market. It is based on the idea that one can fully understand the inner thinking of the crowd. Yet any reputable broker will tell you this just isn't so. Timing the market is a myth, and one can hit it right or hit it wrong. I have seen fortunes lost when people were wrong.
As for myself, I do not watch the market every moment of every day. I invest based on what I know and can find out, and I search for trends and businesses and management that I trust and feel I can believe in. No one hits a winner every single time. In fact, I typically tell those I know to expect to lose money on ten stocks before you find the "one." However, that one you do find may easily make up for every one of your bad picks, and provide you with capital to further invest and to live your life on your own terms. Not many can claim to ever do such a thing, but living life on your own terms is the best reward of all.
Kgem
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