Double D, I hate to hear you hurting like that ... I remember you from SPNSF at the end of the summer (I've been out for a while) and I'm sure you made money on that one.
I've done pretty well this year (up 80% to date) and I've never lost on CREAF. I've had my losses, though. I find that losses are often attributable to bad patterns of behavior and thinking. If you can identify those patterns, you can thwart your most self-destructive impulses. Another lesson I've learned is to always choose caution when regarding an entry point - for instance, I've been waiting to enter CREAF since I sold (too early, I thought) at 24 5/8 a few weeks ago. The fact is, CREAF never made any convincing bottom in this decline, so there was never an attractive buying point. It was down every day. Even if a stock seems awfully cheap, don't jump in until you see the trend reversing direction.
I don't know, everyone has their own rules, and most of my rules are pretty common. I'd focus more on your own mistakes, the reasons you made those mistakes and identifying patterns in your thinking when you took those positions. See if there is a similarity between your winning trades as well. Try to create a points lists, complete with warning reminders of past losses, to run through before you make any trade. Post it on your wall. It's helped me, that's all.
Good luck on CREAF. No matter how low it goes tomorrow, it'll be above $25 for the holidays, if you can hold it that long.
** Added 5 min later ***
Well, looks like it won't go lower tomorrow after all. Great news, and those mutual funds might have to wait. |
