Im with u on that man. I am guilty of that myself, holding too long and donating profits back. I hate that. Its important that we plan our trade and trade the plan. Ive learned tha the hardest part of this game is allowing emotions to not get in the way. We have all the tools providEd for us. We can see the stocks from birds eye view from up above ( goldrush setup), then we can see it from groundlevel (krakatoa, skywalk, daily pincher) then we can zoom in alot closer (15 min bullraid inertia pinch, masters option 5 and 1 min msl). Most importantly we have a board full of helpful veterans that can give insight on stocks. All you gotta do is ask.
Ive learnd that all stocks have a certail life cycle for growth and life cycle for loss. Stock seasonality pretty much shows u the map on where the stocks are going and most importantly where they can lead. These setups measure the fundmental analysis aspect of trading. With this knowledge we can discern whether we continue holding or prepare an exit.
Something ive learned from veterans on message boards are that all stocks are $hit. Good stocks are $hit and bad stocks are even $hittier. I bring that up with the hopes of desensitizing members from emotional attachment and when its time to exit a position, that its done mechanically and roboticly . If u there is a stock that is a good prospect for growth, but is making a uturn to the bad side, and u just cant stand letting go of it, then only sell part of your position (take some off the table) and lock in your profits. Atleast you will still have ammo in case a buying opp arises for that security. I remember someones signature on ihub, " no on ever went broke by taking a profit"
stock seasonality focuses on the loooooong term aspect of building wealth. As ken states it over and over, lock in your 3% , compound and move on. And if it pops for double digit % reurn even better, but lock profits in compound and move on.
Good luck everyone and trade robotically!
Slow Money is Fasho Money / Fast Money is Won't Last Money
