Erick
Hope nobody minds my butting in here, have been an occasional lurker at this site for awhile. But I just HAD to answer your post, because I recognize myself in it. In my case it was FEAR OF BEING WRONG that kept me from trading. I would put too much importance into each trade. Now, when I see a good trading opportunity, I do some QUICK dd (sometimes <gg>) and jump. If the trade goes too far wrong, I am out. But it's amazing how often I am right. All that watching the action must have taught me a little. I still keep certain positions (about 20%)longer term, but move the rest of my $$ in and out regularly, and try to always have cash for whatever is hot. It has worked well. My percentage gain has doubled since changing my behavior, from "Buy and hold" to "Do something, even if it's wrong" lol. I can easily correct my mistakes and my right picks much more than make up for them. There are still times when I KNOW something is going to move and don't take advantage. Too many stocks, not enough money! But I don't feel so bad, cuz my money was working elsewhere. Guess the bottom line for me is , to quote Nike "Just do it".
BTW, some of the dd is listening and learning from folks like Rande. Thanks for some great tips.
Sheri |
