Hi Tom; I'm not sure I fully understand all of the ancient Chinese wisdom..........I do understand Pogo's very astute comment "We have met the enemy, and it is us (me)".....
Like everything else, if I had perfect foresight, I would have handled the RYVYX account differently...BTB would have been buying on a monthly basis.....the amounts would have been larger, but I would have probably had a purchase very near the bottom........
Not knowing the overall drop of the account in advance, I was anxious to capture each 5-10% drop on the way down on a weekly basis, thinking that those drops would soon be retraced, and I would sell those shares within weeks at higher prices and sit in my counting room, rubbing my hands and cackling........
Ahhhhhh........vanity, vanity........
In another sideways trading market, rather than a corrective period such as we have had, that strategy might have been good......but, as Yogi Berra astutely said..."You never know".
Regards, Bud |
