Thread: Money Investing megathread extravaganza
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Old 02-03-2017, 10:20 AM   #643
scho63 scho63 is offline
Politically Incorrect
 
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Join Date: Feb 2009
Location: Scottsdale, AZ
Quote:
Originally Posted by Hog Farmer View Post
Did you get any. Makes me sick I took my profit early.

I did the same thing with ESSI. bought at around 20 cents and it went to 35 cents so I sold. I said hell yeah, take that bitches. Now it's at god damn $4.30

That's one that could have made a poor man rich.
Let the winners ride and cut your losses quick. That is the advice of most top-notch money managers yet us amateurs do the OPPOSITE! We think a stock can't go any lower so we ride it into the ground and lose all our money. On the other side, we panic when a stock gets so high and think it's done rising and it goes up another 20-30%, giving up huge profits.
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