We can pay lesser for the stocks that we like by being patient.
Looking at the price action, it is likely that it will falls a bit further to the 330 price level before we see a rebound. It does not mean that I will immediately buy at this level. Market is ever changing and it can falls further below 330 due to whatever circumstances.
So when the price reaches 330, I will monitor and see if Mr Market offers me any bullish signal to go long,else I will wait or skip this stock. Learning to be impersonal to any stock that you own helps you to stay detached and offers clarity. The purpose of stock buying is to create and accumulate wealth, nothing more.
With an abundant pool of stocks to choose from, one can afford to be selective and select only the best of the best, increasing one's odds of success in this game.
Looking at the price action, it is likely that it will falls a bit further to the 330 price level before we see a rebound. It does not mean that I will immediately buy at this level. Market is ever changing and it can falls further below 330 due to whatever circumstances.
So when the price reaches 330, I will monitor and see if Mr Market offers me any bullish signal to go long,else I will wait or skip this stock. Learning to be impersonal to any stock that you own helps you to stay detached and offers clarity. The purpose of stock buying is to create and accumulate wealth, nothing more.
With an abundant pool of stocks to choose from, one can afford to be selective and select only the best of the best, increasing one's odds of success in this game.
Comment:
wow, it refuse to come down but did a 9% gap up this morning. Fantastic !!!
Comment:
wait for it to tumble down and close the gap at 347 , watch price action before going long.
