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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (182)12/22/1998 9:47:00 PM
From: Mike Perras  Read Replies (2) | Respond to of 3896
 
Well Said John:

I had Bid.Com @ 3.00 watched it fly to 6.00 within a few days & sold it at 4.11 .. I was a happy camper ... greed told to to watch it fly. I must admit to being a 'born again' investor .. I got burned a few years back when all the junior mining co's got killed .. now my rule is a very simple one ..

Never be afraid to take a profit !!! A small profit is better than any loss at all .. stop chasing the next Bre X - Yahoo - Amazon etc
If you can day trade for as little as a 10% profit - take it!
I know I sure sleep better .. so what if you miss a great run, again at least you aren't holding a dog till God knows when. A small profit can be reinvested over & over .. a holding pattern is deadly.

Well I've said something everyone knows .. still reminding myself on a daily basis .. small profits always add up .. keep the faith.

Mike