Wed 19 Sep 2007
Patience is the virtue
Posted by oneonian under Money Talk
You read about it, you heard about it, and you know about it, but you constantly fail at it. That’s right, the itsy bitsy thing called patience, I think it costed me, a rough calculation of Two Thousand Dollars this month at least.
Since I derived the new ranking, I was eager to conform to it. I was excited. The “rush” made my previous statement of holding everything until at least Fed Day, yesterday, 9/18, “poofed”. Technically, I made myself the rule of, if stocks goes up upon positive news, an exit point is the second day after the news, not the same day. Anyway, going back to patience, I think its a bargain at $2000 dollars, if the lesson sticks with me hereafter. Again, we need to set aside our emotions, believe in our sound judgements, and prosper. I offer this important lesson to you at a 100% discount. Feel free to donate the profit by sending me books in my wish list. http://www.amazon.com/gp/registry/wishlist/2BT5SSE31P0UB/ref=wl_web/
One Response to “ Patience is the virtue ”
Comments:
Leave a Reply
You must be logged in to post a comment.
September 21st, 2007 at 11:59 am
Let me make a comment to myself, Richard Feynman, one of my heros, said “you only live one life: you make all your mistakes, and learn what not to do - and that’s the end of you.” It’s good to know I am stilling making mistakes, thus prove that I am still living.