radar...good post...recommended ppl have to ask themselves why they buy in the first place investor or trader most short term traders lose money in the end its all easy with hindsight... how could we know wilbur would be selling any atm? we could of all sold recently at 38 and be buying back a lot lower im not too bothered.. i know the big profits are for the long term holders
With shares and all things in life there will be good days and bad days and the herd instinct will kick in to make it worse.
To all of you who are nursing losses, take heart there is a bright future here but learn from what has happened.
When your are playing the investment game with the big boys you have to be very careful, in effect you have to be a gorilla investor like shamrocky called if.
You have to avoid the urge to trade often, you have to avoid the urge to buy a stock because it is going up and you think it will never stop and you have to set a target both time and price. You have to sell when you reach your target and move on. You have to accept that you will rarely if ever buy atcthem bottom and sell atcthem top
You have to avoid thinking that you are great and wanting to be an expert investor and equally you have to avoid thinking you are a dunce when you have lost possibly all.
You have to be prepared to loose money but never throw good money after bad and be careful never to catch a falling knife and even worse keep catching it. Never ever do that.
You have to be prepared to have patience and you have to know that there is no easy money to be made in this game.
When you find a good stock and in my opinion this is a good one buy it and hold it and REDUCE the risk by doing so.
If you are buying and selling a good stock trying to turn a quick buck on it listen to this:
You may have bought it at say 26 cent three weeks ago sold at say 34 and made 33% in that time. Now you just might get it again at say 30 c and after a few weeks sell it at 36 c, in your head you will be a great lad. Then it goes to 40 up to 45 and back to 40, you do not buy it because it's too expensive for you.
After 2 years it's at 80c end of free lesson.
In my opinion you are in a good stock and this there is no pony adding to risk by trading it and watching it often.
So go away and leave it, take the odd look and stick to your target and do not wreck your head.
I don't think anyone is gloating at losses being suffered...a lot of long-term (and date I say more experienced) holders of BKIR have been posting definite warnings to be careful betting the family silver over the past number of days...and were effectively being told to get back in their boxes...10% daily drops were a mere blip in the ocean to those of us who were holding from â‚¬12 down to 9c...long term this baby's a winner so don't panic sell!!
Minion, this board has a little bit of everything. Hopefully only a little bit of conceit. Back to the reason most of us are here, one area concerns me and I will be watching aib's results with interest, why has books deposits not grown? With all the comp flying out I would have expected more there.
Hot Dog I'm an amateur trader, first time in fact. I bought in for the long term, but I'm still not immune to the; daily checking, excitement of sp rising, and the worry when the sp is failing. It has falling to far in the last two days IMO. I'm worried about this catching on, and if too many people panic it could fall even further, which isn't good for any of us.
What do you think they will fall too? Or will they rise soon?
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