"What do these three actions have in common? 1) booking profits prematurely, 2) doubling down on a loser, and 3) chasing or impulsively entering a trade.
The commonality is these three actions illustrate the difficulty of choosing between immediate gratification versus delayed gratification. "
Andrew Menaker
Showing posts with label $STUDY. Show all posts
Showing posts with label $STUDY. Show all posts
Tuesday, October 7, 2014
Wednesday, July 27, 2011
Note to Self on Buying Strong Stocks $TPX , $QCOR
For the hundred millionth time man, buy strong stocks on pullbacks...not when they are making new highs. That way your stop-loss can be much smaller AND you will be in the stock as it makes new highs. I made money in $QCOR and lost in $TPX. Could have made so much more just by following that simple plan. Concentrate man!!! Bad Boy!
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