Rookie Technical Analysts

[mastershake]

lesson i learned this week.

always take profits when you see them, set a goal..like a double and take it off the table as soon as you reach it, even if people on board are pumping the stock to 4 cents or 10 cents, dont pay attention...most of the time it doesnt happen.

lets look at my situation, i bought in EVSA at .006 a couple of weeks ago and NVMG at .017 a while ago as well, both made great runs but i didnt sell. EVSA got up to .016 and i refused to sell trying to squeeze it to .018, just 2 more ticks i kept telling myself...all of a sudden sh*t hit the fan and both EVSA and NVMG dropped, EVSA dropped back to my original entry point and lower and NVMG found its bottom. My bitterness comes from seeing this bottom on NVMG and realizing that I had no money to average down, If i would have sold my EVSA when i needed to i would have had plenty of powder to average down my NVMG as much as could before the rally back up, sure it might be a bull rally right now and only come monday we will find out, but i would still be sitting on profits on NVMG right now. Both plays would have turned out successful for me, instead of how it is now..im down on both of my plays.

its better i learn my lesson once and for all, i had the idea always lingering in the back of my mind, but i could never implement it. with greed taking over me.

from now I will be taking any and all profits that lay in front of me as soon as i can. no more carrying bags for mr.Shake.