Overall, your posts sound like a perfect recipe for failure as an investor. I don't know why you're catering to your emotions and still investing?
I have done well in the past, and venture to guess I will do well in the future. You are always welcome to do the opposite of what I'm doing, and I am fully aware that I may be a contrarian indicator to some.
What you call "catering to emotions" I call capital preservation. What you call "selling low, buying high" I call not holding a falling knife (if that makes me a momentum investor, so be it). Often fear is a very rational response. This is the same gut feeling that made me sell my BRCM in the $120s, instead of waiting for $35 now.
If NTAP is at $10 in a week, I will have dodged a bullet, and you will have not. If NTAP is at $40 in a week, I will admit to my folly and have a sense of humor about being ridiculed. I have no desire to be a hero in the market, nor to tilt at windmills. I will leave doubling down, holding strong, and singing patriotic songs to others.
I hope this lengthy reply has somewhat clarified my position. If not, then oh well. |
