I suppose its time to stop lurking, and, perhaps participate. I am truly impressed with the quality of this thread even though, admittedly, a great deal is way over my head.
I started at ground Zero a few months ago. I bought 2000 shares of a .50 stock and sold it for .75 two days later. After ten minutes of smug satisfaction I sat here and realized, much to my amazement, that I had no idea how I really got the $500.00, and even less of an idea what to do next.
I started to read, and read some more and then read something else. Much of this material I didn't understand, but what was happening in me was a growing sense of excitement. It was an old familiar sense I have had hundreds of times. It was the same subtle thrill, challenge and measured expectancy that I always feel when I sit down to play poker. When I say "play" poker it is important to note that for me, although the game contains many of the artifacts of fun and relaxation, it is, a truly serious exercise. I play only to win. Most people play to lose ! I have never in my life had one other person admit that startling fact despite piles of evidence,
As I read the msg. threads on Yahoo, I could see so many of those people sitting at a card table loosing hand after hand and explaining it, to no one in particular, with a limitless litany of predigested excuses.
" What about this one guys ?? Does any one know when its going up ?"
" Can you tell me whats happening with this one ?"
" Isn't it about time for this to go up ?"
" I heard they are going bankrupt "
" You shouldn't waste time on this dog "
" Keep the faith. This is a good co."
I finally found this thread. Discipline, self control,a measured sense of risk, more discipline, research, responsibility for your own actions, discipline, enjoy the ride, share what you have with others,discipline, understand the distinction between who I am and what I would accomplish. never be ashamed to take a profit, discipline. Don't chase. No matter how much you WANT it to be a winner be able to throw it away. I make money in poker more because of the hands I do not play ( Chase) than on the ones I play out and take the pot. And then of course we have the ever popular "Discipline."
The analogy gets more profound the longer you deal with it.
This last month I've made 3000.00. A lot I'm sure is luck, and I found a couple of thing out by digging into and researching the board of
directors that gave me an edge.
I can see what a long possibly unending journey I have ahead. So very very much to learn.
This is sort of a long post so I'll close, with ....
Much thanks and gratitude.
al
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