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What kept those BuyNholders in? It was emotion. They fell in love with the stock because they "knew" it was worth more and would "come back up".
Investing is not an "I hope, I hope" business, but it is a business. Never become emotionally attached to anything you buy. checking to see if your various stocks are advancing as planned. Forget all those pretty research reports your broker sent you. Burn them. Now you must not care anything about that company. What you care about now is your money. As long as the stock price is advancing you may continue your love affair, but when it starts down it is time for a Time to leave before the damage gets worse.
This is where emotion becomes expensive. If you just boughtIf you were in the buggy whip in 1900 and saw the automobile putting the horse out to pasture you easily knew it was time to sell out. That also applies to any you make in the stock market.Once each month you should be
Wednesday, January 7, 2009
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