XSO 1.17% 3,001.1 s&p/asx small ordinaries

The Brains Trust - 2016, page-4750

  1. 16,819 Posts.
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    It's all in the buying . If you want a ten bagger you need to get in when no one else wants it . No one ever got rich buying things once they've gone up ,let alone got a ten bagger out of it . But get into the right stock when no one wants it and you can get a 50 bagger.

    You need that mindset to be able to do it and you need to resist the temptation to sell ,which is what most people do ,sell once they've got a profit.

    Of course none of this is easy to do ,it's very difficult ,but unless you're prepared to take a leap of faith and keep holding you've got no hope of ever doing it . So if you're constantly looking for affirmation and inclined to stick to the technical trading rules of buying and selling then forget 10 or 50 baggers ,just be aware that you're a canny trader if all goes well ,but not likely to change your life
 
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