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FTW

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Alias Born 06/17/2009

FTW

Re: bdubble post# 8034

Friday, 06/24/2011 4:02:04 PM

Friday, June 24, 2011 4:02:04 PM

Post# of 8348
you dont have to call me CJ haha. i dislike her pump-city posting (part of the joke as to why i picked that name).

I understand the feeling of the free share riding (ive used that excuse before), but in my time since I've read a few books and learned and experience many more trading situations.

I think Richard Dennis said something like (paraphrasing from memory), 'any money in your account, whether from profits or initial investment, should be treated equally. there is no such thing as just losing from your profits. it's all your money and it impacts your account value directly. losing money either specifically from profits, or your initial investment, is still a loss of what you should have had.'

haha something like that. but yea I could see people being like- well this crap is so low now, i'll just let what I have in it ride. what's $300 when it started as $30,000. I think the key part is to not let it get that far, solely by using the excuse of 'letting profits or free shares ride'.

I'd much rather be person D, who pulled out most, if not all, at an earlier point in time, and then still wants to see the company pull off an amazing comeback. What's the worst case scenario? Missing a tick or two? If the company truly is back and on the rise, it wont matter.

And yes I understand how it is a lot easier to say this versus doing this. But it is something that I can do now that I couldn't do a year or two ago. The end result nets you a larger profit 99% of the time, and saves you frustrations/heartache 100% of the time.

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