Post by
1rockit on Nov 25, 2021 8:13pm
$$ ;
You know what's funny , I just got off the phone with a friend of mine and we were talking about when and when not to buy a stock. I mentioned something that we've all heard as traders a thousand times.. Buy on rumor sell on the news.. This friend of mine actually had the balls to laugh at me . Can you believe that.. All you have to do is think about that for about a half a second to realize it's TRUE. We only wish we could stick to something so simple to make money. Eh ! And this is the guy who just lost a hundred thousand dollars just in the last 4 months.. I figure he'll be down 3 hundred grand over the next 6 months.. And that's if we don't have a vicious correction.. Hes never been through one before . I've tried explaining how brutal it can be but it's something you have to experience yourself . That's when the men are separated from the boys my friends . The ones that take a small loss and stay in cash are the winners .. But try to explain that to a newbie.. LOL It's coming my friends, just be prepared.. Cheers
Comment by
tdsb on Nov 25, 2021 9:43pm
Rockit, he must be a newbie, buy on rumor sell on news is true, unless the news will make a material difference. You must read the news release carefully, if it is very good news you never sell, but that is the exception and not the rule. CHEERS!