Quote:
Originally Posted by jayswin
Yeah, I'm long term for MMED also thinking/hoping they will be big someday. I couldn't bring myself to cash out and wait for a dip since I would consider that reactionary to a good day, and I'm trying hard to stick to the plans I have laid out rather than making emotional moves.
Since this was a stock I was willing to lose 100% of investment on I will leave it all, and if there's a dip I'll buy more.
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I think that is a very good way to invest but at the same expecting pullback will save you a lot of grieve in an inevitable pull back. But I have never had a good track record of timing the market, like most and most of the equity firms I deal with who are paid to time the market correctly do not.
I have a friend who is up more than 2,800% on spotify, and the only reason she is up that much is because she just put it into the company and didn't actively manage it.
I was in at Fedex at $90 and got out at $190 because I told myself this was what i expected to see, it's time to get out. It's at $300 today... I left a lot of money on the table.