NEW LESSON - DON'T LET A STOCK GET THE BEST OF YOU
We've all had these....and I had a couple this week. TracknPennies almost had one this morning ;)
Here's how it goes down...
For weeks guys been coming to this board touting SAVW as this miracle big time stock that will go up and up. I kept saying, I don't love the chart, don't love the share structure, don't need to buy.
Then the stock started to manipulate my mind. The stock talked me into buying it this week, at the TOP .076 Now I went down to .038 and so friggin pissed. I know the chart, the pattern, and made a very foolish decision. Yes, I will recover my losses, and probably make 15% in the next 10 days. But the point is I knew better...and knew I could buy it in the 30's.
Now here's EXAMPLE #2 of this weeks f ups.
I bought the PDOS hype the other day....at .031 hoping to get a nice quick return. Didn't give me anything, started to see it losing it the day after and sold for .029
Now it's running, sitting at .045 and I could have made a decent profit. It's trying to haunt me now....trying to play jedi stock mind tricks saying "come by me now Jefe, I'm gonna run, I'm gonna keep running"
THIS TIME - I will hold strong. I will not let this bit%h get the best of me.
Moral of the story....don't get emotional. WAIT for the right stock at the right time, and you will be safe. Because when you don't wait, you get into a loser and you sell that loser to chase the right stock - at the wrong time.
