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cougs

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165

10/02/22

15:42

Post #: 59488852
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Originally posted by JoeCool5150: ↑

What a timely post. I learned a lesson today. Not an expensive one, but a very valuable one. Yesterday I was bitching about how I wanted to buy more stock @ 0.32. Price was coming down all day yesterday and hovered around 0.325 at the end of the afternoon just to tease me. Then this morning I intermittently watched the price rise and was worried it was going to rise too high, thus diluting my current stock. What did I do??? I bought at 0.33. Now this isn't much more to pay, but I learned something I already knew in my head. "Don't chase a stock". And so the lesson ends with the stock then not only dropping to 0.31, but then sits for most of the day at the 0.32 that I originally put my order in at......mocking me, but also making sure I remember this lesson. Make the market come to you, not the other way around!

Now if Deep Yellow falls from 0.85 to 0.70 after I chased and bought at 0.79, I'm not gonna be happy. I may have the same lesson come and kick my arse again.

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But I also remember a few weeks ago, when it was around 17.5c, someone posting on Twitter that buying at that level was chasing...hmm.

IMO..Don't judge decisions based on the outcome but on the decison process you took. I'm sure if it had ripped higher after your buy you would be calling yourself a genius for not trying to save a penny.

If as you say, you will hold LT, then no need to worry about a 1c miss... again IMO

RNU Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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