Replies to post #31138 on Momentum Players

[hailrdskins]

good point.......i will admit that used to happen to me alot.......but learned the hard way .......years later here i am ...............not better off.......lol ......just kidding........but good point sir

[Sportsjunkie]

the reality becomes that most people who become bag holders
do not know how to trade and rely on others for tips and are afraid that they will never get another good tip that they even
cost average down on the losers..
biggest brain washing is cost average..i rather have 3k dollars in a pos and be down .20 cents a shares than 20k dollars and be happy i am only down .02 cents a shares..

as a trader who makes 20 trades a day,makes 2500 on winners that day and loses 1100 on pos and at the end of the day goes to bed up 1400 and forgets all and had a good day and comes back tomorrow...

[Sportsjunkie]

i will even take it a step further,how many traders(not really traders) cause of their greed have a stock they bought at 07
go up to .095 and now down to .05 and now down on every single share cause they never sold even 25 percent of the stock on the move...
if you dont set up a rule of selling percentage into every 10 percent or 20 percent move than you are trading with greed and no discipline...
how many of these bagholders had profits and left it on the table...