Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (4403)	8/3/1999 9:34:00 PM
From: Buckey	Respond to of 36688

100% agreed - many will not sell on a slight loss

To: SwampDogg who wrote (4403)	8/3/1999 10:16:00 PM
From: Mr. Forthright	Read Replies (3) \| Respond to of 36688

fuddle, here's a little philosophical thought from Forthright for tonight. I have read a lot of posts today about DIO: "I should have bought", "Why did I miss it?", "It is his fault if I missed it". Well I think not having bought DIO at the low and sold it at the high is totally irrelevant. There is an old saying in the business that says: "We always own too much of the losers and not enough of the winners." The reality is quite simple: "We will all buy too much of the losers and not enough of the winners at some point in our career." Either we complain about it or we just keep going with our game plan and don't let that kind of stuff affect us. Complaining doesn't increase our odds on the next trade. Quite the opposite. We take the risk that our judgement will be affected by a lost opportunity. Who cares if we didn't buy DIO at the low and sold it at $10.00. We wouldn't have bought enough at the low anyway. Wealth gets created over time, over a long period of time, that is a proven fact. Not making a trade doesn't have any impact on your track record to date. There will be plenty of opportunities to make money tomorrow, from the long or short side. So why cry over spilled milk? Tomorrow will bring another opportunity. Quite frankly I never remember the trades that I didn't do. But I try to learn from the losing ones. No one really knew where DIO was going to go today. And what we all thought is irrelevant. The market is closed. Only those who are long or short or those who will go long or short tomorrow should think about tomorrow's opening. Not those who wished they had taken a position. Thinking time is valuable time. So let's spend it on the next trade not the one which never was.