RE: News Imminent
{Good luck to holders.....You're about to have an awesome weekend, a pathetic one or one full of worry with what Monday next week holds.}
You should never base your mood on the market. It goes up and down - you mood should not. If I had to worry about a stock over a weekend, I would get out and not play the market because that would not be an improvement to quality of life.
For example:
SP Up - 50% (Happy) :)
SP Down - 10% - (Sad) :(
Overall the %10 loss more than likely had more of an emotional impact on you than the 50% gain.
If loosing is to big of a problem for you, try to manage your losses.
You can do this by having a plan and sticking to it.
Get out when the SP drops more than 25% from its highest high. This will allow buffer room for losses.
Example:
SP UP -50%
SP Down - 10%
SP UP - 30%
SP Down - 25% - Sell
If you are looking for short term profits use a site like
www.americanbulls.com which will tell you when to buy and sell.
If you are going long on a stock and can not handle the ups and downs don't look at the SP. Invest and forget. Hey If your truly long who cares what the SP is from day-to-day or month-to-month.
The market should be an
enjoyable place where anyone can make money out of thin air.