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Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Andrew G. who wrote (2318)	5/20/1998 10:34:00 PM
From: Turboe	Read Replies (2) \| Respond to of 9440

<<If it doubles by tomorrow, I'd probably be foolish not to sell, right? GB, I can't tell you how many times in the past month I've picked stocks that have double, tripled and quadrupled before my very eyes and then came crashing down because I didn't have the tact to sell on my gain. << Andrew-- I have the same problem! I has 10k in gains today to end up breaking even. I think the reason not to sell is one of GREED. I think-- "It will go higher..." Also, I have the problem of breaking my rule of selling when I hit a 10% loss. I think this comes from FEAR of FAILURE. I copied all my trades from Quicken into Excel and have gained 33% in a month-- I then added and "IF" function and found if I had sold at a 10% loss I would have had a 100% gain! WOW! And then add in those BIG gains that I did not take (PNLK (3rd time), PCSN, FAMH, IFLY, OZEMY, RNTK, -- well the list goes on...) and I could probably made 150-200%. GaBard-- I would like to hear from you on this too! I guess it boils dwon to getting the emotions of GREED and FEAR of FAILURE out of my trading-- correct? Read my Profile-- I wrote the "Damn, if..." when I signed in '86...

To: Andrew G. who wrote (2318)	5/21/1998 4:35:00 AM
From: Ga Bard	Respond to of 9440

It seems you've acquired a fair amount of knowledge from your years of investing. Answer: I traded 6 months on MS stocks and so forth. SO I have only been effectively investing since last June. I really do not have the knowledge or experience to say anything. Problem for me is that I don't have an investment style; I'm all over the place. Answer: That type of investment style is dangerous. How many times have you sold and the price goes up. But should I sell for a nice gain or hold for a triple or whatever? Answer: BTS and get back initial then let the free shares do whatever. Does anybody really have a clue to what's goin' on? Answer: Yeah a few but only a very few that I have seen. I try. Oh well ... Hey we all have out guidelines. GB