Thursday, July 19, 2007 10:56:25 AM
BuddyRich,
I admire your optimism, but I think its misdirected. It is a good thing to have HOPE. In trading though, the only place for HOPE, is when your trading position is making you money, then you can hope that the profit grows.
On the other hand, some FEAR is helpful in trading. When you are losing money, DO NOT HOPE that the situation will turn around. You have to be AFRAID that your loss will grow bigger. This will help you cut your loss early.
No amount of positive thinking can turn a stock around. If things are fundamentally wrong with a stock(as you have with AURC), you have to face reality and stop hoping and wishing. Bite the bullet and move on.
You can use your positve thinking to believe that one day you will find the rare pink sheet that will eventually make you rich. When you find the rare gem, your OPTIMISM will help you to hold on and maximize your gains, and not just jump out too early.
All in my humble opinion.
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