VLAD: If we team up we can loose twice as much, twice as fast.
I was tempted to buy two stocks today.
I looked at the Nextel chart, trend line down, dumping for the last few weeks etc., but, since I'm still posting and following this thread, I jumped in. Like most semi-normal people, I want to cheer for something. My heart won out over my brain and now my stomach aches.
I also looked Cendant, my next favorite invest. It was at a support level, short term trend down, I figured it was due for a turn. However my brain said, hold off and watch today, if it climbs there will be a trend reversal and then buy it, day late won't matter. It went down below the lower support and continued the trend line down. I still have my money.
Sometimes, brains have to win out over gut feel, patience has to win out over eagerness to score a big one, money in the bank is sometimes better at 5 1/2%, than stock losses.
At this rate of mental growth just think how smart I'll be at 105, if only I can remember all I am learning.
Regards from
Al G., looking forward to the summer, boats, water, sun, stocks not. |
