I'm a $1.88 to the good with my NIO....I need a Superman's sized leap, not just a bounce to help me out. I should have sold when it had nearly tripled.
Trading effectively is very much all about controlling emotions. When she's climbing, we want to hang on, when she's dropping, we want to let go. We need to set goals BEFORE the rise, and strictly follow them ... often those goals don't need to be sell 100% when it gets to X ... you can ladder out ... sell half, or 70% ... let the rest ride until it hits Y ... keep 10% for dream levels ... and don't ever regret it if you made a profit. In hind site, with perfect luck, we could have made more ... instead, rather make your objective something like making 30% ROI ... which would be beating most investments.
I did the same with silver coins. I've been hoarding nearly a sleeve and a half of them for a decade or more. Silver spikes and I don't hear about it until it's and after thought.
My kid graduates next month, that would have been a nice graduation present for him. I guess now it could be half a sleeve of silver and a "watch for a spike kid"
My investments are probably beer money level compared to most of the investors on here. If I make 250 bucks on a stock I feel like I hit the lottery.
Comments
Dream 'Inn III -- 2008 400 Express
Boat Name: King Kong
"Boat + Water = Fun"
My kid graduates next month, that would have been a nice graduation present for him. I guess now it could be half a sleeve of silver and a "watch for a spike kid"
My investments are probably beer money level compared to most of the investors on here. If I make 250 bucks on a stock I feel like I hit the lottery.