Warlock1
Well-Known Member
- Joined
- Feb 15, 2011
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Appreciate the insight. I am just trying to finally make some smart money decisions so I can retire comfortably in 10-15 years. I am a sponge at this point and just want to learn the right things to watch for. Thanks all..Exactly my thoughts….
To go back in time… AMZN… (the below facts are not going to jive, if you try to look this up, because of all the splits it has done since I did this ).
I watched it run from $80 arena to $225… hoping for a pull back to get in,,, fucker never pulled back much… kept running..
At 225, I finally pulled the trigger on 25% buy,,, it wouldnt pull back much. Climbing higher, shit bought another 25%, and it goes higher, does this all the way to $425 ish… and I am fully in… took months to get there…
Guess what.. fucker pulled back to $250… and I am way upside down.. Again, I was very new to the game at that time. But I did the one thing that I didnt want to do…
DOUBLED DOWN… meaning I went 2x more than than what I wanted to have in that one position, to reduce my cost/share price. I believed in the long term AMZN story… when I was finally at the “break even” stock price, I sold 50% of my holding, to give me the position I wanted. Yes.. in hindsight that was not to smart, or selling all of it when I doubled my money…
Lesson learned: None of us have a crystal ball. One thing I do know for sure, If you buy a stock as an investment, then you better believe in the market/story its in. Because all stocks will test you over time… Just read C-ya’s posts. He had the balls to hold long term, and he benefitted from it.