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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: upanddown who wrote (83067)12/29/2000 6:17:13 PM
From: isopatch   of 95453
 
About a dozen mea culpas this year...at least(G).

Have gotten better about letting profits run in recent years. But still miss intermediate up legs in key stocks sometimes.

Missed an important entry on my large CRZO position, which limited that top %age gainer for calendar 2000 to 225-230% instead of well up into the 350s.

And there were cases where I didn't cut a loser quickly enough.

But, in retrospect? These things happen and though it's good to acknowledge our mistakes, dwelling on them isn't. Mistakes are a normal part of the investment process. All we can do is try to avoid the fatal errors that can blow most of a year's gains AND do our best to minimize the # of tactical mistakes we make that can eat away at a years net gain like termites(g).

However, my experience has been that it's more constructive to review what ideas, approaches and attitudes have worked for me during the year and why they have helped increase the overall net gain.

Although it can be very healthy to acknowledge ones mistakes, it may be even more important to also think about and reinforce what I did right in my trading. That seems to have had the effect of laying the foundation for more success. And that includes not getting too excited about what I did right(g).

JMVVHO of course. Happy New Year.

Isopatch
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