RE:RE:RE:RE:Profit taking
Shylockreturns wrote: Piggy -
You are correct. To make money you have to sell. But here are a few things to keep in mind.
1. Fiat currencies, ALL of them, are losing purchasing power at an accelerating rate. I would rather hold wealth in shares of a gem like WM than trade for something technically worth nothing.
2. This share has a long, long way to go before it reaches "maturity" so to speak. Don't sell too soon and watch it quintuple while you are there viewing the "train" continue off beyond where the eye can see.
3. Watch what the big money does, e.g. RR and ES. These guys are the shrewdest of the shrewd. You will not go wrong following their lead.
4. Remove all emotion from your trades.
5. Do NOT listen to the many morons on this board. It is a law of the universe, regrettably, that the really good explorers, mid-tiers, etc. seem to attract the jetsam and flotsam of the investing world like the bum, Brandy Something, whom I just turfed into the IGNORE pit.
6. Don't get discouraged. Although this is a great company and share, there will be setbacks from time to time. Don't even watch it every day but don't let it out of your sight, either.
I could go on but you get the idea.
Good fortune to you.
Another fiat currency preacher. The safe haven in 2008 wasnt gold, it was the usd.
BB