I know I will recoup at minimum---at worst,let's say we really just keep bleeding,a major hemorrhage in the inets/techs and for example NPLS goes to 6!--O.K.
I am then about 34,000 down on paper/on paper/on paper --O.K. just for laughs let's say my decision to buy more NPLS at the near/or approximate low and I have wisely kept plenty of cash,just waiting--so at 7 I buy
6,000 thousand shares and at 14 I sell all shares for an 8,000 dollar profit--the key,don't keep averaging as a stock goes down,because then you do really get in a jam.
You say I will recoup my losses,and I counter with logic,a loss is only when you sell.And then it is permanent,forever--it is not imaginary money,it is real money--
The key is to know the stock you are holding.
Sell bad stocks when they go down,but the good ones you hold.Max
BTW I remind just this fall I was down 85k on paper and turned it into an 150k profit--so I been here --know the play. |
