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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Staff who wrote (11012)12/6/1997 12:44:00 PM
From: Pancho Villa  Respond to of 94695
 
Staff>>It trades every day so don't be in any hurry top try to make a killing or a comeback. They don't hand out any trophies at the end of the year :-)<<

I will enlarge this couple of sentences and hang them on the wall. This happens to me all the time! Once I find/like to buy/short a stock I feel I must act in ten seconds like if the stock knew what move I am getting ready to make and move against me.

Rushing is a bad, bad, bad, practice. The main reason for it being is that on the rush one frequently cuts corners in terms of finishing homework before jumping. Only to find out a few weeks later that the move was the wrong one! It is like marrying a girl after just a few dates and then getting to know her within the marriage [This BTW I have done in one of my several marriages!!! That one lasted only 2 months!]

Pancho