I was just kidding around because you were bothered (with yourself) about selling and repurchasing higher. I have said it before and I'll say it again, don't trade without years of paper trading experience and the time to sit in front of a monitor all day while the markets are open.
LG has emphasized the need to always have an entry and exit strategy. If you are trading, this will be based on support and resistance. If you are investing it will be based on loss limit and goals, objectives, and company performance (fundamentals, company meeting or beating stated deadlines, etc). My point is this, always have a strategy.
I am not here to deceive. There are much better investors and traders than myself on these threads. But, I have worked doggedly for two years to educate myself and have reaped some benefit from that this year. Relatively speaking, I am a novice, but I will continue to educate myself and try to help others do so as well. I feel I have made important observations in the market. I will try to work from the lessons I have learned, to profit. Returns over time are the only yardstick to measure success. This year was a success for me. I hope I will be able to apply what I have learned successfully for the remainder of my life and share it with my children so that they might have some advantages in life, which I did not.
I asked about the companies you buy because I am always interested in what others perceive as valuable. I always look at the charts of those companies to see if I like it. If I do, then I'll do some research on the company. When someone is unsure of there actions, the first question I ask myself is if that was the intention of market manipulators. If you percieved your stocks as valuable and market manipulators managed to shake you out, I would like to be able to see that in the charts. That was my interest in knowing which companies you percieved value.
Ultimately, you must trust only yourself in the markets. Thus I have removed all of my money (including my 401K) from other peoples (fund managers) ability to lose it. If I lose it, I will accept the consequnces. I do not accept someone else losing my money unless I give them that right. I feel that fund managers do not respect my money to the same degree that I do. My endeavors resulted from the crash of 1998. Since then, I have dedicated myself to understand what happened so that I might prevent a recurrence. One of the most valuable statements Don Sew ever made, IMO, was his belief that a fund manager is not worth Sh!t if he can't protect your capital during high risk periods in the market.
Finally, do not be intimidated here. When I joined SI, I viewed it as a small educational fee. I feel the knowledge I have gained from many posters on these threads has paid for the fee many times over. Pump these guys for info as much as you can. That's what you paid for! <ggg> |
