| Having the discipline to achieve your objectives |
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JBendar
Senior Member
Cash: $ 49.60
Posts: 271
Joined: 22 Mar 2004
Location: Woodbridge, New Jersey
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| Having the discipline to achieve your objectives |
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This goes to everyone who has experienced price volatility in trading. Let me give you an example. There is a microcap (OTCBB) stock that exists in my portfolio. The symbol is USXP. After purchasing it at a specific price, the stock took a nosedive downward. It continued that pattern for several days. Today it reached a new low, then all of a sudden it came flying back. The volume traded today is almost 1 BILLION SHARES!. This is just an example that if you don't stray from your financial objectives, the possibility of reward is good. Of course you have to look at past price history, etc. Volume as well, is a key ingredient. To all you traders, as an experienced trader, it is necessary to keep your emotions in check. It is true that the stock may turn around again and take another dive, but that is the chance you take when you trade.
JBendar 
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Thu Mar 23, 2006 7:56 pm |
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senoircitizen101
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 28 Mar 2006
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I guess that shows, patience is rewarding. Good call.
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Tue Mar 28, 2006 8:10 pm |
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Avino
Preferred Member
Cash: $ 24.80
Posts: 117
Joined: 27 Mar 2006
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It sure is, I made a huge mistake a few weeks ago and got rid of UAUA shares when they were diving down, I had gotten them at 35.70, and sold at 29.90 for fear of more losses, today the shares are traded at 40.80. I had 244 shares, if you do the math it was quite a loss, but I've learned now to be a bit more patient, and I didn't ask anyone for advice, another mistake.
Had I paid attention to the airline news which I was aware of, and actually thought about what I was doing, I would have held on to the shares.
~A.
Also blogging @ avinos2cents.blogspot.com
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Wed Mar 29, 2006 12:45 am |
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