BTW, I always wondered how the stock market used the words "Bear" meaning down and "Bull" meaning up meant. How you remember is a bear swipes its claw DOWN and bulls rear their heads UP. Now don't you feel knowledgeable?
Bear today - at least for me and the stocks I hold. But that is the market. You can't panic and sell off as soon as things go down - you have to look at it as an opportunity to average down even more (buy more stocks at an even lesser price that you originally bought at).
On the brighter side (I hope you all did too) I sold off my Lululemon yesterday, since it is now down almost $2 from when I sold it at.
I have gotten into some gold stocks - that are cheap and up and coming. One of them I sold too quickly (GNH) then bought more back (thankfully) and almost missed the large rise. But now it has dropped almost to the start point - but I believe in it and will take this time to buy more at a cheaper price.
It sounds like a lot of work but as I had mentioned the other day you can put a LIMIT on an order. Meaning you pick a price that you want to buy or sell your stock at and let it go. This way you don't have to worry about missing a low or high. Takes a lot of the stress off of things. This is what I did with my lulu I have set a LIMIT at $45.80 all week and it finally hit (though it did go .10 cents higher). I lucked out.
Be aware that it may go lower or higher than what you expected - which is part of stock trading that you have to learn to LET GO! Don't dwell on what you missed. It won't do any good and you will drive yourself nuts.
After I sell a stock (unless I plan on buying it back lower) I take it off my watch list, cause other wise I will go crazy watching it go higher and kicking myself in the butt for not hanging onto it longer.
Trading is all about confidence. Be content on your moves and choices and know that there is now way for us to see into that crystal ball. I don't care how much you research a stock there are too many variables in life/market to see what is coming.
If people feel threaten, they will sell off - no matter what someone else will tell them.
HOLD long and strong.
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