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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (59072)	2/16/2017 8:40:27 PM
From: Graham Osborn	Respond to of 78688

Lol. What's a sell order?

To: E_K_S who wrote (59072)	2/17/2017 12:27:33 PM
From: Lazarus	2 Recommendations Recommended By E_K_S staring Respond to of 78688

You're welcome. Glad you did well. I would consider trying to trade if I had confidence I could catch it again lower but I have had so many of them get away and just keep on going up after my sell that I'm very reluctant to do so. Besides that, at these levels when the stock is trading around book value, I'm more likely to add to my position on a positive Q then sell. Add to that, since all of my positions are penny stocks, after i sell I have to find another candidate worthy of deploying my capital into and I find so few penny stocks out there worth touching. Finally, two people have influenced my investment approach - Warren Buffet and Jessie Livermore. ________ Here are nine surprising things Jesse Livermore said regarding excessive trading: 1. “Money is made by sitting, not trading.” 2. “It takes time to make money.” 3. “It was never my thinking that made the big money for me, it always was sitting.” 4. “Nobody can catch all the fluctuations.” 5. “The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.” 6. “Buy right, sit tight.” 7. “Men who can both be right and sit tight are uncommon.” 8. “Don’t give me timing, give me time.” and finally, the most important thing: 9. “There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”