Sunday, April 30, 2017 1:10:52 PM
The first thing I noticed was that sometimes people CAN and DO get the perfect timing for a trade. The problem is it lulls you into a FALSE sense of security. The analyst also mentioned something that I didn't 100% understand, but basically the speed of an upside spine can't be timed and therefore, it goes up so fast you missed the trade. The Grand chase ensues and you end up buying less shares.
My logic is this, and buy under the $2 is a win. If you have the guts to hold and not sell even when there's great temptation, then you won already.
It's not easy looking at the stock everyday and not being an instant millionaire. Let's just practice patience. The other interesting tidbit was the analyst inferred that if you wait you get the reward. I guess you can insert a Buffet comment here about patience but I'm lazy.
Have a great Sunday and let's have a Green week!
Moonbound
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