any positivity, page-54

wealthCC..

What I do is to ask myself each day if I had the money in the bank that the shares are currently worth would I buy them?

If the answer is no - cash out. The price they were last week or a month ago is irrelavant. It is what they are worth right now is what you are currently worth as far that stock goes. I find this cuts the emotion out of the scenario.

This is the most constructive post I have seen anywhere...I do exactly the same thing but even now after loosing heaps I still have trouble pulling the pin...I think its because we feel that once we cash out we can't let go and imagine that we can never trade that stock again...


Consider this...Just suppose you sold today and on Monday the stock bounces back to $6....how bad would you feel?

However, its just as likely to go lower..and then how glad would you be?

The point is noone knows what the market will do..its impossible to predict so what do you do? Get your capital out..take what the market has to offer you...

Step back and wait for BNB to find some ground..and when it does examine it as a completely new trade in its own right. This is a very difficult thing to do....What usually happens is that when you have lost money in one stock you move onto another but really you should study the stock you have already lost money on as you are really familiar with it...I lost a heap on AFG but I have made a lot of it back by trading at these lower prices...I hate that stock but I know it so well....

I expect the same will be possible with BNB once it levels out

wishing and hoping gets you nowhere..there's a song about that isn't there