Extreme Greed kills.

  • cheeongwee
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12 years 4 months ago #10451 by cheeongwee
Extreme Greed kills. was created by cheeongwee
Sometimes ppl ask, what is the tg px to sell, or buy, because they assume that that is the highest px and lowest px action.
In reality, no one know how high or low the px will go.
Just have stop loss to cover your position and trailing stop to take your profit.
Be not afraid of taking profit if your gut feeling tell you so, afterall, you buy stock to profit in the first place.
Sometime after selling, the price go higher, that is normal, do not chase and wait for opportunity to get back in, and or look elesewhere for opportunity.
Market is always there, opportunity aplenty if you look out.
Those who set t px, will never sell when their px is there, becuase of greed, they will be forever waiting for one high to another, and eventually the price come down fast, and they got stuck and consloe themselvs that it is value stock and become a long term invester.
Worse , theit capital is withheld here, and they miss lot of opportunity.
Extreme greed will only bring on downfall.
Please take your profit, anf cut your losses fast.
Thise stock i share have potentila to soar even higher,
And i have sadi that only 2 event , either the German court of the Iran can stop this rally, '
In the mean time, more safe haven money will come back to stock to push them higher, whenever there is a selling, those selling will be supoorted by safe haven money coming back to stock.
Hope all is well by end Q4.

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  • Notgreedy
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12 years 4 months ago #10466 by Notgreedy
Replied by Notgreedy on topic Re:Good markets today
Time to be optimistic?

Asian stocks rose, with the regional benchmark index heading for a three-month high!

China has moved to alleviate a cash crunch .

U.S. reports that are expected to show the world’s biggest economy is improving.

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