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Wednesday, October 20, 2010 10:42:51 PM
To me it looks like it's OK for overly positive posters to encourage one to never sell(never lose focus of the bigger picture), causing great profits to be missed, while the so-called negative posters encourage people to treat this like any other penny(which could one day prevent a decent gain to be made if you sell to early, or buy to late)...This back and forth thing kills me...but at the same time it's amusing cause posters really think they know what their talking about on a daily but don't realize they are doing the exact opposite of what they are preaching...Thats why I love the neutral stance...
But back to the topic at hand...even if in the above scenario, the person who was still up 300% in the green from trip 0's after all this time.......IMO....they would still be "sorry"...Your a betting man you say....If you went to the casino and were up 40grand playing BJ...and for whatever reason, you kept playing and lost 35g of your potential profits that same night....would you still be dancing just because you left with 5g? I think not...you'd be driving home pissed off.......Some faithful longs admit-tingly state they rode this from trip 0's to .023 right back down....Those are the ones I'm talking about...
When you mean years ago, do you mean those that 'bought and forgot' or do you mean those that scale in and continue to 'average' (up and down) in, like they teach someone when buying into mutual funds or other investments as they continue their DD in their investments?
People who bought and forgot? I would never discuss those types of people here because they are not investors...they are gamblers...In regards to those who scale in and out...you said it yourself in a previous post of yours...
An investor doesn't worry too much about 'perfect' entry or 'timing', they assess the risk/reward over a longer term period of many months, if not year(s).
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