RE:What are you in for....really? MAKE A PLAN.JillsyD wrote:
I've been lurking this board since I bought in 8500 shares at an avg of $2.50. I'm not sure why I keep lurking because the chatter on this board caused me (a total 100% newb) to end up with 5500 shares @ avg $2.80. Why? 'Cause I bought high and sold low a few times when I listened to a lot of the rhetoric on this board and let my fear emotions get the best of me. I am forever fortunate that I bought back in, at a loss, to now be where I am today. I am not going to be a millionaire off this stock but I have already substantially increased my financial situation in life (yes I know, with currently unrealized gains = $0).
I AM LONG. Yesterday I almost became a trader....geez I'm glad I didn't! Even though lots of people will say I'm stupid for missing out on pulling the trigger at $15+ then buying back in later at $11. It was a great moment for me to reality check myself about this stock and my invested $$. I AM LONG. (hahaha Just have to say that to myself again.)
Anyway, what is the point of this post? Ummm....haha...not 100% sure myself. Maybe I'm writing for myself to read so that I can not be tempted ever again to try to play daytrader.
For you folks reading - I guess I just want all of you to take a couple minutes, ask yourself why you are here on this board, or why you are invested in this stock (or not) then MAKE A PLAN AND EXECUTE. Your plan can be anything...I don't care. It's your call bud and your cash. The key is checking in with yourself, deciding what your limits are, pull the trigger when your limit shows up which could be a dollar amount, a date, whatever YOUR limit is. I guess I am mostly writing this for the new newbs on the board that joined during this volatile time and are now searching for guidance. The best guidance I can give is to CHILL OUT. No, I don't mean "Don't worry we will see +4567% gains by X date." I just mean relax a little pal. Make a plan for yourself, stick with it...I promise that for a lot of you it will take away the majority of the stress of owning this stock or ANY stock for that matter. You bought in for a reason...what was your reason?
Also cut the BS on the board. It's lame and we're all in this together for effs sake! Who gives a hoot if you "saw this coming" or "knew it was gonna happen" or "You're a liar!!!" None of that info helps AFTER IT ALREADY HAPPENED. This lil bullboard and all its BS does NOT affect CGC's ups and downs. We affect it by buying in or selling out, full stop. So let's play nice. The first step to playing nice is making a plan, executing it, being ok with where ever that leaves you in life because YOU made that plan.
Ok, end rant. :) GLTA!
You should consider using a trailing stop loss to protect the profit you have. The weekly chart is setting up to be ugly - 9 out of 10 times this type of setup points to lower prices in the weeks ahead.