GREY:CHALF - Post by User
Post by
doobiebabyon Aug 29, 2018 7:31pm
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Post# 28539346
Guys, the true test is coming up...
Guys, the true test is coming up...And that test is how big are our nut sacks. Just look at Tilray. Could you have held on as it climbed $40 in 15 days? Our ball sacks are going to be tested with GLH and MPX and GTII and a few others like IAN and CRZ and SNN and MMEN, etc..
I just hope that I have the guts to hold on when millions of dollars can be gained or erased in a matter of hours. As far as I'm concerned you need to get a plan and try to stick with it and not beat yourself up if you made a fortune when you could have made two fortunes or 10 fortunes. If you make life changing money you need to be happy with it regardless of whether it could have been way more.
And the reason for this is because its tough to hold on when the rocket ship truly takes off...especially when you watch this stuff everyday and are not being caught up in the moment of exeburance. It's hard for people watching it for so long to believe in something 10 or 20 times higher happening so fast due to serious hype. We've seen some rocket ships already explode before reaching the moon. Back in the big slide starting in 2016 and not ending until the summer of 2017 I lost over $2.5 million on paper holding long (my portfolio hit $4.5 million and then fell back to $1.8 million before recovering. Then during the run that happened last Christmas the $1.8 million went to $11 million before this past summer took it down to $6.1 million (a staggering paper reduction of $5 million). Now I'm sitting at $9.2 million and I think an even bigger rocket ship is about to launch. And the question is how long can you hold when things really start to move like they have recently done with Tilray?
I for one am going to try and hold GLH past $2. I'd love to have the balls to hold it to a $3-5 billion market cap. Not sure yet, but I am holding until $2 right now is my current thinking. In terms of what MPX just did...well, I may be holding that well past the $5 or $10 mark from what I can see right now.
Over the next few days I'm going to think about each of the stocks I own and the price point that I might hold out to when the rocket ship starts lifting off. I'll post my thoughts here and would be interested in others perspectives.