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Re: 8 reasons you stink at trading stocks

By: DGpeddler in POPE | Recommend this post (0)
Tue, 26 Jul 11 4:15 AM | 8 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 39829 of 65535
(This msg. is a reply to 39824 by Zimbler0)
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I liked this:

"You’re not that good at it. It’s really hard to own stocks. It’s not just picking a stock and watching it go up 1,000%. It’s buying it and sometimes watching it go down 80% before it ends up rising 20% above your purchase price. It’s waiting. It’s patience. Psychology is at least 80% of the game. And knowing when to sell? Even harder."

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The above is a reply to the following message:
8 reasons you stink at trading stocks
By: Zimbler0 in POPE
Mon, 25 Jul 11 9:47 PM 		Msg. 39824 of 65535

http://www.marketwatch.com/story/8-reasons-you-stink-at-trading-stocks-2011-06-16?link=MW_story_insert

June 16, 2011,

NEW YORK (MarketWatch) — I’m going to give a little bit of tough love. Two weeks ago I wrote that the Dow should and will go to 20,000 within the next 18 months. I’m very bullish on the market and frequently mention stocks I like. Read Next stop: Dow 20,000, on MarketWatch

But don’t be an idiot and make your own trading decisions. Even if the market goes straight up, most people get flummoxed by the volatility and don’t know how to make money in a rising stock market, let alone a soft one. Here are eight reasons you stink at trading stocks, and then I’ll tell you what to do instead:

(Article does continue. Zim.)

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