Wednesday, December 21, 2011 6:09:56 PM
We all have our own plans/system/formulas for trading.
Mine BEGINS with the CEO.
It is based on research.
It is supported by my DD.
It is happily re-examined by every negative post.
When I get bummed out, I go back and re-read all my DD and get pumped up all over again.
If I was happy to buy @ .04
If I was thrilled to buy @ .03
I am euphoric to buy @ .011
And if it goes down to .005, I'll have to be placed in a mental facility because I will be laughing night and day for the opportunity to load up.
No, I am not rich.
I find a way to reinvest. Less dinners out, less days on a vacation, etc. I traded a nice trip for our 30th Anniversary (just earlier this month) into a nice dinner so my wife and I can take an awesome trip for our 31st or 32nd on the huge earnings we anticipate from PHAR.
For me, I just keep asking myself these questions:
1. Why did I get in?
2. What supports my decision to remain or changes my decision to sell?
3. What are my realistic expectations?
4. Is the CEO remaining on target with his business plan?
5. Is the market still strong for the product?
6. What is my WRITTEN PLAN for this stock?
7. Does my plan need to be readjusted?
PHAR passes the test for me.
Whether it passes for you or not is completely up to you and I would support any decision you make. It's your money, man.
But, if you're frustrated, go for a walk, pound a pillow, do push ups...even eat 1/2 gallon ice cream from the freezer (LOL) !
But really, don't take it out on us.
Truly, All The Best to All Here!
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