Post by
mrsgoldminer on Apr 06, 2022 7:56am
Greed and mostly lack of Knowledge
Greed and the lack of knowledge is what I depend upon to make my money and it never fails..They kind of go hand in hand.
If we were all knowledgeable,no one would make money.
I see lots of odd lots being sold,that tells me the un-knowledgeable got taken hook,line and sinker,because mostly lack of knowledge.I am sure the ones who are left are hoping for the glory days as they probably own BEA@$2 because of the roll-back.Instead of averaging down they sit there and whine a lot hoping to get their lost money back in which they never will.
Because I am a seasoned investor,I do not fall into that trap as I love playing roll-back stocks.Only a few of us smart ones pickup a lot of .03 to .04 stock.
I doubt not very many on here in a winning position,like Mrsgoldminer
Just think,for ever 100 that plays this stock only 3 or 4 of you will made money.
The cyclical nature of the market is the second most important thing that you have to know after psychology
Thou shalt understand the market and it's psychology buy low sell high