TSXV:AAA.P - Post by User
Comment by
gaggersezon Dec 01, 2013 6:03pm
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Post# 21957966
RE:RE:RE:HELP WANTED In INVESTOR COMMUNITY Work from Home!!
RE:RE:RE:HELP WANTED In INVESTOR COMMUNITY Work from Home!!A few basic truths about the market and how to keep your money... going forward.
Even after 20 years many are still newbies...
Every Newbie's stock buy is at 1st thought of as an investment... fair enough, but a rule needs to be established to keep the invester living in reality. A very realistic number is 8% to the downside and then your investment must be thought of as a gamble (unless you dont care about losing your money). So at -8% the mentality must no longer be investment strategy and changed to the truth that this is now a very real gamble and a decision MUST be made. All prudence dictates at -9% to dump the position and live for another day. Then you will never say such stupid things as... keepin the faith... in it for the long haul... lotta skin in the game... etc.
Lastly you never average down into the lie of self denial and you always average up.
You never love news stories more than 8% drop and never fall in love with any stock. Just use these few simple rules and about 85% of the longs here would be far better off....
Only 2 things ever matter.... 1st is SENTIMENT.... 2nd... price direction.
Even the 24 cent longs dont think they're so smart anymore.... :-*
Copy and paste these instructions and follow them faithfully.... you just got a huge xmas present.
So remember... after -8% its just rolling the dice... not investing.... Cheers... :-*