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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (56640)	7/8/2006 2:46:42 PM
From: kacy_in_LA	Read Replies (1) \| Respond to of 312694

The time value of money is the hardest thing for me to get across to people ... every time you tie up a buck in a stock that is going nowhere *right now* is an opportunity lost to make money elsewhere. Its gotten to the point where if I put money into something and it doesn't move into a decent profit within a week, I kill the trade. If it stalls for too long, I kill the trade. I have come to get great satisfaction from selling, whether it is at profit or not -- I guess it makes me feel decisive, and with the low brokerage rates I'm paying ($10/trade regardless of size), it doesn't matter if I subsequently decide to jump back in. No longer do I let these "companies" have my money for free indefinitely.