i am getting really depressed about my shares, page-75

  1. 1,363 Posts.
    I have been into specs for many years, and went several of those going sideways or down. That was when I bought on a tip etc but did not reallyh understand the fundamentals and valaution. Every time the market goes down, you sell.....every time the market rallies, you buy....it's called paying your dues.

    To become successful, you either need to be a cold hearted technical trader, buying and selling without fear or predudice based on defined rules, or a fundumental investor, who gets to REALLY know each stock, to the point where you have such confidence in your own valuation that you are never thrown off on corrections.

    I'm a lover not a fighter, and technical trading never suited my personality although I got a few black eyes trying(this is REALLY important in trading, finding the right fit for YOU, not anyone else).

    Took me many years, but now making good profits, but putting in many hours of research, with my profession helping. My style results in over half my shares being losers, 25% being small winners and 25% or so being +3 baggers. This makes up for a heck of a lot of losers. If you cant stand losses, this sort of method will send you mad......easy come, easy go I say. If you can get a few 10-20 baggers, then you are set for life.....

    Anyhow, keep trading, try different things, but use more like 20% of your savings, not 90%, until you actually know what you are doing and making money consistently.At the moment, you are making quacking noises......

    Hope this helps.
 
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