The volitility in the stock market has changed over the last 25 years making it hard for new investors who are on a steep learning curve. I started out investing in closed end funds and held for years. I try to remember ever investment mistake I've made before I start a new investment. I am humbled by big wins as they have more to do with luck than skill. You are so right about having a plan. The message boards are a lot of fun but any plan shouldn't be based on them. You have to wonder how many new investors have read Graham and Dodd Securiy Analysis. All the best with your investments
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