Kojira, good luck with this board.
I popped in because I like the name. I often refer to "Mr. Market" in my posts. He can be a real SOB, but I've learned never to argue with him. It doesn't work.
That's why I follow the level 2s with such obsession. They, like the charts, are the footprints of money, and we ignore them at our financial peril.
Let me add one more point which is fundamental:
Stock boards should be a place to share due dilligence. But too often they become a support group. We look forward to seeing our friends there, people who are excited about our favorite stock. Others, who disagree with our choice in stocks are seen as the enemy. This is common, and no doubt human nature, but it is also something to be wary of.
One thing that often happens is that because of this bonding, investors don't sell when it would be in their best financial interest. Instead, they begin to feel it would be almost a betrayal to their follow group members, or to the CEO, who they've come to identify with as a friend. It is at this point that outsiders sometimes refer to the group as a cult.
But the sad truth is we're all alone in this game. When the dust settles, and our bank accounts are decimated, no one else will come to our salvation.
Selling your shares for a profit is not a betrayal. Selling for a profit is THE fundamental purpose of investing. Anyone who condemns you for taking a profit is not a friend. No one has signed an agreement not to sell their shares. A stock discussion forum should not become a joint suicide pact.
I cannot tell you how much I disagree with people who try to shame others into not selling their shares, calling them flippers, weak hands and other emotionally charged names.
Personally, I fault no one for selling when they feel uncomfortable, or when they see a profit. Each must do what they feel is best for themselves and the people who depend on them.
Bottom line is we are all here to make a profit and to protect our capital. Any attempts to distract us from these main objectives, should be viewed with deep suspicion, imho.
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If you take anything I say as advice, you're crazier than I am.
