I screwed up
You know how it goes. You hold an investment position through its point of no return -- you like it long term, after all -- and then watch as the shares continue to spiral down.
"Damnit!," you say to yourself, "Never again!" And then the next time the market presents you with the same exact situation -- not similar, the same (setup and pattern) -- you stop out, pat yourself on your back for your decisiveness... and then watch in horror as the stock fails to crumble, and instead soars.
Which is precisely what I did this week, and it is a doozy. I sold (stopped out) 100% of a Core Opportunity, as the shares breached my line in the sand and before the decline worsened. Or so I thought.
This post continues on Investment Poetry. See you there.
--David M Gordon / The Deipnosophist
"Damnit!," you say to yourself, "Never again!" And then the next time the market presents you with the same exact situation -- not similar, the same (setup and pattern) -- you stop out, pat yourself on your back for your decisiveness... and then watch in horror as the stock fails to crumble, and instead soars.
Which is precisely what I did this week, and it is a doozy. I sold (stopped out) 100% of a Core Opportunity, as the shares breached my line in the sand and before the decline worsened. Or so I thought.
This post continues on Investment Poetry. See you there.
--David M Gordon / The Deipnosophist
Labels: Market analyses
posted by David M Gordon | 6:11 AM
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