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Re: Wildbilly post# 18531

Thursday, 04/22/2010 3:36:47 PM

Thursday, April 22, 2010 3:36:47 PM

Post# of 28328
Sorry to hear that man, hope you are doing better this go-around.

It's funny, I PM and chat with some trading friends, and many of them are just aghast when I sell into strength on a hot running stock, they think it's crazy because it's going higher, and many times it does, for a while, then an hour later when it crashes and they are frantically dumping at a lower price then I sold at they will curse the MM's, the shorts, and whoever else...lol.

The lesson is an old trading maxim: Pigs get fatter, hogs get slaughtered.

Greed kills, be kind to the next guy, sell where they can make a profit too (if they are smart and fast), take some, and leave some for the next guy, it's good karma and it works. Always sell at least half on a 100% gain, lock in those profits and let the freebies ride for a bit if you like. There are many days where I have a profit in hand, that is 2-4 times what I used to make in a day at a job when I worked at a job, you have to think back to those times, when you were sweaty, annoyed and tired, and what you would have given to make that 300, 400, 500 dollars in a day...remember that feeling and SELL THE DANG THING!

There are tens of thousands of stocks, there are ten-baggers EVERY DAY in the market, plenty more opportunities await, this game has been going on for over 100 years.

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