<<Going nuts trying to make money in this market..guess I can't.>>
Freeus, why dont you just try doing nothing for awhile and just chill. I am sick to death of this market, and my posts will attest to that....but I am sticking to my plan, and am not going to sell. I will sit tight, keep the barf bucket handy, and pray this ends and we get a rally. At that time, I will sell a few things and then start a more rogid monthly CC writing program. Anyway, you always here RR say that you need a plan, and you need to stick with it. What I notice about you is you tend to change your plan quite often, sometimes several times in a single day. You are simply following the trend...and we know what eventually happens to those that follow......
I hate this market...it is making me sick. It could be a very rough year, or we could rally sometime....vster doesnt know, I don;t know...nobody knows. However, I do agree that you need to quit be a follower, get your own plan, stick with it and execute. Seek advice of course, keep asking questions...lord knows I do, and will continue. My attitude is I simply try and do homework..part of that homework is picking the heads of certain individuals. But I still make my own decisions in the end. Remember this Freeus, if you ask 10 people there opinion on the same subject, you will more then likley receive several contradicting responses. With this in mind, you can't assume because Joe said abcd is a good buy, that you should run out and buy it. I'll bet Bob thinks abcd is a dog. My point is simply, keep learning, keep asking questions, but make your own decisions and try and have some kind of a plan that doesnt change hourly or even daily based on the trend of the market. You see how volatile the market is INTRADAY...you can't change your plans as the market moves or you will get burned.
JMHO....I am losing my A$$ right now, but feel at this point it is too late to sell. I am probably wrong and will continue to lose my A$$, but I am going to try and hold on for as long as I can.
best of luck
keith |
