Ivivi Technologies Inc (IVVI)

[NeverEnuf81]

LOL. Ya I got trapped into that a bunch of times in the past -- believing I had chosen correctly, and the stock would correct itself to meet up with my expectations. LOL (I'm sure everyone's done that) I'd even try to direct the stock with my hands when I saw it go down, like a bowler does after s/he rolls and it's going off course.

Picking what price you'll sell for is not a plan though...it's not even half of the plan. Deciding to sell above what you paid for it is the underlying principle that we design plans to try to achieve. I've lost a bunch of times when I didn't just quickly accept a mistake and move on. The worst is when you buy something, see it double, hold on to get one more penny or one more dime out of it, and then it crashes and you end up taking a loss on something you could have doubled. That's a whole different level of shame, for me.

If you sell and it goes up more, that last run was usually an unpredictable group of people late to the party who are buying at the top, only to watch it crumble out from under them (very hard to capitalize on, because you need buying momentum in order to sell...if the Bids on the Level 2 start getting spaced out too much, she's coming down because buyers are thinning out). Like, when KBLB went from 1c to 25c, I managed to get most of that...not because I could see the future or anything, but because I got in and out 5 times during the run (an absolute 'sure thing' justifies using 25% of your money -- that way you always have settled cash to trade with every day).

90% of traders just lose money, so if you get to where you're consistently and safely getting just 30% out of these stocks that double or quadruple, you're in the elite society of profitable stock operators -- you've got bragging rights, imo -- you're a rockstar. (compound interest is a beautiful thing...don't spend it, retrade it)

IMO, what you CAN do, and what will make you more profitable after you sell when something doubles and it goes on to 5x or 10x is study the chart up to the point where you sold it -- are there ANY indicators that suggest you should have waited longer? 99% of the time, the answer is no, and there's nothing to regret about taking your profit...the next spike was just unpredictable extra newsletter hype...the best you can do is decide if it's worth buying back into later.