Wealth destroyer, page-33

AHZ is a great example of how many traders gamble on a great story. They throw in 50K after reading lots of bullshit written in Anns believing every up ramp there is and spending their time calculating how long it will take to make a million bucks. They spend all their time on research ( waste of time ) and can't believe how lucky they have been to find this stock and spend the rest of the year boasting to all their work mates how rich they will become. And later with their SMSF account blown, they leave with their tales behind their back onto another dog stock and the pattern repeats. Sound familiar anyone.

But does anyone here stop to find a solution to this problem. I have owned AHZ for around 4 years, so I can share the pain of lost opportunities in other stocks and a draw down in my account. Luckily I sold most shares back a year ago but the pain and disappointment still exists. I now own a small stake in this company and will wait out for a decade. I now have found a solution to this endless cycle of dog stocks and wasted time ( If you want to find out what 1,000's of hours of waste energy, try the Forex Spot Market and you would wish you when fishing ). Step 1 for me was stop the stupid idea that averaging down is a good ideal. How dumb are you really. This stock is going to the moon but todays its cheaper so I am going to load up the truck. Step 2 was stop believing any crap in the Ann's or listening to experts ( the ones who were talking about a $10 stock price for SGH) . Step 3 was learned from by experiences trading in Futures and the Forex markets over the last few years. Its called Smart Money Management. In short, you could buy 20 dog stocks, who cares what they are. I have read a three case studies where peoples stock accounts have grown by not the quality of the stocks within the account but by adding small additional positions to just one rising stock ( by pure fluke ) you will strangely end up with a lot of cash. It only takes one stock but only god knows which one that will be. Could it really be AHZ. If your not in a position, you can't be in position to make a lot of cash.

So I will sit here waiting