Bellatrix Exploration Ltd (Canada) BXEFF

RE:RE:RE:Consolidation Approaching.

[Steelhead15]

Nice work. I also like nice clean evaluations. Unfortunately, the market maker can see stops and seems attracted to them like a bear to honey. It seems automation has made stops a mental thing rather than a "published" stop.

The difficulty lies in following what I decided to do rather than being emotional about a loss. Also, the desire to be "right" plays into it with me. It is hard to admit I was wrong and take a small loss. Then the loss gets  big and I'm stuck.

I"m on the verge of that now with BXE. I was adding to my position based on fundamentals and the share offering holding down price at $8. Now a 2% move really hurts. Problem is, I'm sure BXE is going up. The other problem is I hate losses even for a day or two.

I owned Frontier Gold at about $8. I had 3000 shares. It went to about $7 over a week and I didn't like it. Then it was bought by NEM at about $11 and I felt smart.

Lots of people will find fault with being emotional about investing. But, a person who is not emotional is more like a robot than a human IMO. In fact, we humans can't escape emotions even in our sleep.