Tuesday, May 23, 2006 1:50:48 AM
It's ok to make mistakes.... we all make them in our learning process.
The only thing that counts is: did you learn from it?
This is worth repeating: "Dollar Cost Averaging" and buying while a stock is falling and falling "to get shares cheap" are both textbook mistakes. We all make them (I made them too). Just remember the error and don't repeat it. NO MATTER HOW MANY PEOPLE ARE DOING IT AND CHEERING YOU ON TO DO IT TOO.
Most pedestrian traders never learn where they went wrong...they just think they were the victim of "bad luck".
Recognizing and admitting mistakes and correcting them are how you become a pro...step-by-step.
Me.
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