Jane, it's weird. I have to continually go through this crap of explaining the buy low sell high theory to a lot of would-be investors.
People don't become WEALTHY by selling stocks that are 40-50% off their highs and in capitulative selling.
I remember even a few days ago on Kimmie's thread, someone was bragging about how they sold VASO at 9 1/4; in the meantime I was loading the boat at 8, and I said within one week I would make them regret their words. It actually happened within that day. Even after the biotech blowoff, VASO still stands at 11.
Sometimes I feel that you, me, Kimmie, Anthony, Cray USA, swistrader, and a very select group are the only people who don't sweat the nickels and dimes. My portfolio has fallen hundreds of thousands in the last week, do I give a crap? No, because I didn't sell, in fact I ADDED. I am still up 200% (many hundreds of thousands) for the year. In the last week, I just made a few day trades, waited to use my extra margin for a day like today, and loaded the boat.
We didn't get to where we are by sweating the nickels and dimes. One doesn't get WEALTHY by crying over nickels and dimes or bragging over nickels and dimes... |
