Making Money and Preserving Capital on the OTCBB Market Message Board

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Pastimes : Making Money and Preserving Capital on the OTCBB Market

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To: Wayne Rumball who wrote ()	5/2/2000 7:41:00 PM
From: Wayne Rumball	Read Replies (2) of 268

OK, so now the market has calmed a bit (yet it continues to tank) If you lost $ in the last few weeks it's time to take time to look at it. Looking at where you made money is useless, that's blind luck. Looking at where you lost money will help you to NOT lose money. Things that help you to lose money; 1. falling in love with a stock 2. being blind to fundamentals 3. averaging down because you 1. love the stock 4. convincing yourself that since the stock is down 75% it has to go up, yet you didn't consider 2. I'm sure there are others that I can't think of at the moment, but I'm sure I've made all the mistakes. Only way to make $ is to avoid making mistakes. Everyone must decide what they did wrong.

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