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Re: None

Sunday, 09/12/2010 7:00:05 PM

Sunday, September 12, 2010 7:00:05 PM

Post# of 66837
The other trading mistake often made:

People buy in nice and low. They also have an eye on what's happening with other plays. When they see something running, they sell the stock they got in on at the low to chase another already running. They say to themselves 'I'll be back with even more fund to buy more shares here' anticipating that the stock they 'chase' will make them more than the 'yet-to-run' stock is making them.

Problem is, since they are chasing, they are not 'buying low'. That often losing strategy is 'buying high, selling higher'. The end result is you now have fewer funds and are less able to re-purchase what you had in the beginning. So then you say, I'll make that money back with 'XYZ', which is running...but the cycle starts all over again. The end result is significantly fewer funds to buy the stock you originally. the kick in the pants is that as time goes by, that low-priced stock is now running and you have elected your self out of the race.

Hard (and expensive) lessons to be learned out here.

All I can say is...Go ICOA