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Thursday, 04/17/2014 2:50:05 PM

Thursday, April 17, 2014 2:50:05 PM

Post# of 146291
Longs have to be pleased with today's trading, this weeks trading.

I was just reflecting on some of my recent good fortune, and wanted to share it with anyone interested, especially NNVC investors.

First, let me say, we are all unique and each have our own strengths, weaknesses, abilities, and disadvantages. So, I can only share my own circumstances. One of the wonderful things about market investing/trading is that there can be many, many successful strategies. Second, the market is rigged for long term, general wins. Two primary reasons: One, as economies grow, so will markets. Two, there is no upper limit on how high a price can grow to. A share price of a penny today, could become hundreds of dollars in a few years time. The flip side: A penny stock can only lose a penny in value.

What has benefited me lately? Understanding market and security psychology. To buy at bottoms, one has to be willing to buy the fear. To sell at tops, one has to be willing to sell the cheer.

For NNVC investors, it is a rollercoaster ride. Too many good people sell when things seem to be at their worst. Right at the bottom. It's hard to be dispassionate. It's hard to tune out hysterical negativity.

My advice to some: For long term investors, have a long term strategy and do not become emotional with the day to day price swings. For many others, learn to profit from market psychology.

Best to all.
Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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