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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (24978)	4/30/2001 11:52:16 AM
From: Jibacoa	Read Replies (1) of 118717

<<I am starting to rank this is as the second biggest boo-boo in investing, right after "I can't sell this loser until it goes up again and I get my money back".>> I remember "Jesse's" advice: "A loss never bothers me after I take it. I forget it overnight.But being wrong-not taking the loss-that is what does the damage to the pocketbook and to the soul." "Millions upon millions of dollars have been lost by men who bought stocks because they looked cheap or sold them because they looked dear". "The thing to remember is the speculative line of least resistance at the moment of trading"."Stock are never too high to buy or too low to sell. The price per se, is not as important as establishing THE LINE OF LEAST RESISTANCE". "Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit". RAGL Bernard

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