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Re: kris_kade post# 492

Thursday, 07/17/2014 4:04:01 PM

Thursday, July 17, 2014 4:04:01 PM

Post# of 3011
Well, those so called "negative " prognoses are just my opinion.

You are under no obligation to believe them. The key of success and profit in this game is psychological you know.

As an ex, I bought 4K of gild in the mid 60s not long ago, around April I believe, the time of the last exit from biotech.

So when it went up past 86, I already book 20$ gain a sh and not being overly greedy I sold 2500sh between 85 and 88. But gild kept going past 88 to 90.

Now it fell back to 85 and I bought back 1500 sh or so. Why? Because I have no idea when it will stop falling and I don't want to commit my last 1000 sh buy. I could be right and I could be wrong.It's the name of the game.

You should read the series by Jack D Swager's interviews of all kind of market traders on Amazon. You could learn a trick or two from their extensive experience.
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