good news boys and girls, page-12

"gerkin02 "

I second those sentiments from 2105,, but mostly i commend your honesty, as it's unusual to see people admit to losses in the market..
With regards to my trades in AYO and AZZ, i have been more fortunate than you, as they were all profitable ones.

HOWEVER,,,in the year 2001, i took a KILLER of a HIT on the stock market..!! I watched the equivalent of the average Australian yearly salary..."wiped out " in one foul swoop..!!!!
Seeing your post, brought back vivid memories, i can tell you !!!

The stock market is the most cut-throat game in town IMO,,but strangely enough, that's what i like about it..!!! I believe that you always get the result that you deserve,, because you get the result that you make for yourself..!!

When i lost all that money,The Company didn't make me buy their shares,, they didn't hide any facts, as all the signs were there,, they didn't prevent me from selling,, and there was sufficient time to do so and recover 60% of the doe, BUT i just ignored the facts, sat on my hands, did nothing, and lost everything...
The whole bottom line was that all the decisions were bad and wrong, and i got what i deserved....MY FAULT..!!

Like you say,, it's the Hip pocket nerve, that's the key ..!! Once i came to terms with ""either get properly smart, or get out "" and treated the loss as education tuition fees ,,i was then able to get about the hard slogg of repairing the damage.. Have long since achieved that, but the approach nowdays is totally different..

I don't do " problem solving " i only do " problem avoidence""
There's no point in making great profits in the market, just to watch it erode away on the next trade, and good objective decisions need a cool head, which you won't have if you're pulling your hair out everyday over a bad buy..

You obviously appreciate the importance of extensive homework before stock purchase,, as i do .

AZZ's 2007 potential has satisfied my " personal rigorous sellection criteria ""
I'm happy to be heavily financially committed,, and have done so with my Self Managed Super Fund as well .

So...If you're a mug punter Mate,,, Then so am I..