Message 7159721
You have the same problem that I have, except that I no longer consider myself a trader, just always end up doing it. My resolution this year (after going all cash before the last run-up) is to buy only quality companies and HOLD. No selling unless fundamentals change in a company and/or a better prospect comes along.
But this is a hell of a time to get positioned. But that's me, buy at the top and worry all the way to the downside. The last time I did it was when I moved from all small caps to the big boys in April, only to reposition in June and then when we were at about 8,000 in October (go to cash).
I believe that part of both our problems is that we study the day-to-day fluctuations too much. I never miss the same boards as you: MDA, Stock Attack.... and the constant focus on where the market is going next causes confidence erosion and an action taking attitude. I'm going to continue to lurk them, but once I'm fully positioned, I'm going cold turkey and visit only the threads that deal directly with the stocks in which I am invested or interested.
But as least we both acknowledge our diabilities and would serve as good leaders of a Traders Anomymous club.
"Hello, my name is Marc, and I used to constantly sell winning stocks.............
Yup, I sold PFE at 105, CSCO at 51, HD at 42, GPS at 41, Dell at 53........all purchased for the "long-term".
However, you can join only after you find that the first thing that comes to mind when someone mentions TA is Traders Anomymous and when you have not owned AMZN for six months <ggg>. |
