GREY:CUDBF - Post by User
Comment by
cashmoneyheroon Nov 21, 2011 3:48pm
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Post# 19255283
RE: RE: Protect Your Capital
RE: RE: Protect Your CapitalI want to make money just like everybody else. However, after sustaining some sizeable losses ten years ago I have adjusted my trading practices. I have become extremely disciplined and take emotion completely out of the equation. I never fall in love with the company's story. I have learned that the company's story good or bad is only part of the equation. With the venture exchange you should only have your money in it when times are bullish and even then be very cautious. When the venture exchange is bearish no sensible person should have their money on any equity. I'm afraid most people reading these boards will learn this the hard way.
When I see a red day like today and see that I have made no money and lost no money because I am in cash. Personally, I know that I have made money because long gone are the days when I would blindly hold an equity and bravely lose my money because I deeply believe that someday down the road the stock will go up. An experienced investor knows that this type of thinking is denial.
Make Money When You Can. When You Can't Stay In Cash. Protect Your Capital.