RE:RE:RE:JUST BOUGHT A TON OF WEED STOCKAnyone can be a one hit wonder. But those same people, then full of bravado, often learn the real lessons in the market and usually wash out. Anyone with longevity in the market, and for myself that is 4 decades now, knows that you'll have winners and losers. The trick, obviously is twofold.
1) Have more winners than losers. I've always considered 7/10 to be the "I will survive and thrive" benchmark. This year has actually been exceptional, currently above 8/10.
2) But the 8/10 average isn't good enough imho. You have to recognize the losing stocks quickly, and sell the position with a nick rather than a gash...or worse. "Never marry a stock", which is rampant with those permanently residing in the clown car here" is certainly appropriate. Riding WEED all the way up and all the way down is NOT what I call prudent by any stretch. Still, that's what "married to the stock" people do, i.e., rationalize their blunder with comments likening their tnitial trade or swing trade to what is now a long term investment, so they don't have to face their loss. Typical newbie mistake.
As for Bombardier, I made a frigging fortune on that, multiple times. I also took a couple of nicks, and I think one harder nick, but nowhere near a gash. That's the way it goes.
In the meantime this year, my AC is up 72% (easiest buy I've ever made and there's still more in there), took BLO for 40% the other week in a couple of days, IVN for about 12% in a couple of days, and CCO for about 20% in a couple of days, So thank you for asking, but I'm doing just fine. :). In all of them, I'm here to make money..a LOT of money, and I NEVER marry a stock.
To understand further, I'll bring up a baseball analogy. Who is more important on the team? The guy who hits singles all day long, or the guy who hits the odd home run, but also strikes out a lot by going for that home run? Yes, the answer is the guy who hits singles all day long. THAT IS HOW YOU SURVIVE AND THRIVE IN THE MARKET.
So I'll leave my little clowns here with the same comment. There are good reasons to be in the stock right now. Let's see who is bright enough to figure this one out. ;)
Rotaluceps wrote: Starsearcher80 wrote: My my my, look at the permanent residents of the clown car start up the engine again! Of course, you clowns think there is just one stock in the entire market to make money on, don't you. And heaven forbid people make money (and a helluva lot more money) in other stocks. But wait, you're just too damn busy cheer leading your one and only. Strange bedfellows I tell ya. Dumb AND tunnel vision.
There is good reason to have bought today. I'll leave you clowns to figure that one out, although you'll understand why soon enough. That's what you get though when you're at the bottom of the food chain of knowledge and understanding.
I'll say it again though. There's a good reason I bought today. ;)
Starsearcher80 wrote: As always, here for a GOOD time, not necessarily a long time. Timing is everything. ;)
You have to be kidding. Seeing your performance in BBD.B a few years ago, already make you someone not trustable.