Saturday, March 19, 2011 9:57:43 PM
quick note about my previous reply, just realized when making my point about stop losses i put 4 instead of 3.
your loss strategy in point 4 makes sense and i will keep it in mind moving forward. in the end, it comes down to the fundamental, and logical, reasons you invested in the stock in the first place. if those haven't changed and the losses are greater than 20%, and your belief is correct, those dips give you the perfect opportunity to average down.
one thing i knew i would have to accept when i entered the stock market is losses. i value money highly and as a kid would save birthday money for years. i would keep money from like 3 consecutive birthdays before i used it for any purpose. in the first few months i have come to accept losses quicker then i previously thought, although it always hurts inside when i know i've lost money. however, as everyone should know, you have to be able to accept the risk to make the profit. life is risk/reward and stocks are no different.
just tell the truth. if you hate me, tell me. either way, it's cool.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM