(no subject)
yeah, I have a history of premature ejaculation. No~! It's not what you think. I'm talking about my stock trading discipline!! Three weeks ago, I bought a Chinese solar energy stock (TSL) at $19.30 and sold it a week later at $21.00. That's a 9% profit in one week. Not bad. But if I didnt sell and held on two more weeks (which is today!), it would be 92% profit. Arrghhh...
this reminds me of my ultimate blunder in 1999. I put about $600 in a small stock call E-Digital (EDIG) at $.22 a share. A week later, it shot up to $.55 a share and I sold it for about a $1000 gain. Pretty good for a $600 investment. However, if I held on 5 more weeks, it would be at $3.50 per share and I would have made $9000 in profit. If I held 5 more months, it would be at $22.00 per share and I would have made over $60,000 in profits on my $600 investment. ARRGH! I know I would have never held the stock to the high of $22 per share, but I wish I did better. With the potential of making $60,000, I only made $1000 (which was still the most profit I've made in any stock, lol)
funny how it dropped all the way back down since then.. ahhh, how i miss the good 'ol tech boom days where wall street was paved with gold.. *sigh*
Currently holding on to ACH (Chinese aluminum), RIO (Brazillian metal/minning), MPEL (Chinese/Macau casinos). Hope these can do take off soon like TSL did. If so, no more premature ejaculation!
this reminds me of my ultimate blunder in 1999. I put about $600 in a small stock call E-Digital (EDIG) at $.22 a share. A week later, it shot up to $.55 a share and I sold it for about a $1000 gain. Pretty good for a $600 investment. However, if I held on 5 more weeks, it would be at $3.50 per share and I would have made $9000 in profit. If I held 5 more months, it would be at $22.00 per share and I would have made over $60,000 in profits on my $600 investment. ARRGH! I know I would have never held the stock to the high of $22 per share, but I wish I did better. With the potential of making $60,000, I only made $1000 (which was still the most profit I've made in any stock, lol)
funny how it dropped all the way back down since then.. ahhh, how i miss the good 'ol tech boom days where wall street was paved with gold.. *sigh*
Currently holding on to ACH (Chinese aluminum), RIO (Brazillian metal/minning), MPEL (Chinese/Macau casinos). Hope these can do take off soon like TSL did. If so, no more premature ejaculation!