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Re: william04103 post# 55647

Thursday, 03/28/2013 12:08:38 PM

Thursday, March 28, 2013 12:08:38 PM

Post# of 293299
Hi william,
As you know, the stock market causes two primal feelings, fear and greed. I have told a number of my friends about KBLB, especially when it was .035. Due to fear, not one of them bought. They would have all tripled their money. This is fear.

Greed raises its ugly head also. When one sees the stock up four or five cents from purchase price, he/she succombs to greed by selling or "trading." They walk away happy with the scraps they made. However, the sixty-four dollar question arises then. Can that person get back in at a price below at which he sold. SOMETIMES. I do not like the odds, so I just hold.

As I have often said here before, I have been investing for more than four decades, and I have made my share of mistakes due to greed. I have sold to get my scraps and waited for the stock to come down so I could buy more. That rarely works, for me anyway.

I have kicked myself in the butt so many times that I have permanent footprints on it. How many times have I sold prematurely through greed only to watch the shares go higher!

I have learned the hard way. The only way to make "real" money, not just scraps, is to find a gem like KBLB (which comes along once in a life time) and buy through dollar cost averaging. Anytime the stock shows weakness, I always go in and buy more. This way, I get an "average," which is usually better than putting all my money in at one time.

I have also learned that to make this "real" money, one must dollar cost average and hold for the long term. You see, everyone wants to get rich in a week, six months, or even as long as a year, a whole year! I plan on holding for my target prices, and I will not sell until the shares reach those prices. However, I may decide to never sell a certain percentage. Of course, this is all dependent upon DD. One must ALWAYS keep an eye on investments...
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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