velan said...
how unlucky i am.. i bought KNM ofr 92 cents yesterday 14th.. and today it went down 25% exclude brokerage.. huh? i;m going crazy what i';m supposed to do.. .. will this share improve in near future? anyone know bout this share latest news..? please throw some lights..
how unlucky i am.. i bought KNM ofr 92 cents yesterday 14th.. and today it went down 25% exclude brokerage.. huh? i;m going crazy what i';m supposed to do.. .. will this share improve in near future? anyone know bout this share latest news..? please throw some lights..
Here is my reply to you !
Dear Velan,
I am sorry to hear that you too was "sucked" by the media and popular beliefs to buy as the market is heading lower.
I am sorry to hear that you too was "sucked" by the media and popular beliefs to buy as the market is heading lower.
As this point, I know it is difficult for you to cut losses. But you must. Remember Transmile, one of graduate of my seminar, average down this counter and he almost lose 100%.
Right now ! Get an education and come and attend my trading seminar. I am doing one trading seminar on Nov 3,4 2008. If you can come, I can share with you how you can be ready to buy when the market return back to bullish !
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2 comments:
martin say cut loss knm at bottom. now knm strong rebound.
No regrets !
If you have to cut loss at your pre-defined level, you cut. When you see the market rebound, you get back in back, buy again whenever you see opportunities.
Trading is not just hold onto your losses and try to guess the market.
The current market environment is a trading mkt strategy.
You preserve your capital and dont want to be right. That's ego trading.
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