Share
2,613 Posts.
lightbulb Created with Sketch. 436
clock Created with Sketch. 20/11/17
17:06
Share
Originally posted by AverageJoe
↑
The strategy is real important, does not matter what sector it is. If you are the type that likes to bottom pick a sector/stock where it has been unloved for a long time it is important to know what you are getting into. At least be prepared that you can get stuck there forever or see an immediate bounce and multi baggers punt. I personally stopped looking at this strategy because the patience at times when the strategy doesn't work can be confidence sapping. This infects the mind set/trading psychology. Just imagine you bottom pick a stock you think has value that the market has fully discounted and the market was correct. You are stucked there for years then a spike in price. Would you then try to get out in one piece out of relief or whips out the greed factor and start believing your patience is paying off?
Expand
You are dead right.
