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Re: BigOwl47 post# 5110

Thursday, 02/03/2011 1:02:16 AM

Thursday, February 03, 2011 1:02:16 AM

Post# of 31325
Biggest farce ever perpetuated on every losing stock is what you wrote here. It is ABSOLUTELY a real loss. Gets more real every tick down held believing it isn't a loss till sold. If you took a dollar from me and gave me a nickle but told me it isn't a loss because I haven't spent it yet, that sounds rational??

This is the worst mentality you can have that guarantees damage to your capital. A loss is a loss ALWAYS. Now, what are you going to do about it? Get it? One frame of mind complacent, the other based in reality and able to deal with it and mitigate.

(sold my Katx long ago - tried again and didn't give it two .000 ticks of room before selling again, nothing wrong with being wrong if you act to protect your capital. What is wrong is hope while you lose more and more frozen from logical action).
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