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Post# of 24977
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Alias Born 08/30/2003

Re: the monk post# 16831

Friday, 04/30/2004 11:21:44 AM

Friday, April 30, 2004 11:21:44 AM

Post# of 24977
I am going out to the yard,, homework for you guys this w/e:

Are you putting more value on the market than your stock,,, if you are,, then you bought the wrong stock.

What is the market,? Well here in USA the naz is tech,, but in europe the FTSE is oil and pharm,,


Ok,, break that down some more,, are you in the right stage of your chosen sector? Do you even know which sector has hit bottom? Which sectors are basing and trying to go up? If you dont,, you are trading blind.

And most of all, know why, how much up or down, and when you timeframe these exits. - This is hard,, whipsawing in the markets can throw everything off.

Last but not least,,and very important,, do not buy any stock because some guru bought it,, they are human too and make mistakes,, buy a stock because you like it for what ever reason. And this applies to selling to.. If you are given good advice to sell some or all- do it or shut UP. Stops and stop losses tabs are on your keyboard not mine.

Benjamin Graham: "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right"

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