While that word certainly describes my behavior at frat parties in the late 90’s.. I’m talking about stocks this time around.
This NGS chart shows the rise & fall of a quick winner on Wall Street. It shows (yet another) shot to the ribs of the “buy and hope” investment mantra.
Many big winning stocks have longer lasting uptrends.. and I thought this one had a chance for further glory way back in late October. We bought the pullback to the 26ish area… right at the 50 day moving avg.
The trade obviously did not go in our favor. And we were out of it very quickly.
Buh-bye, loser.
My mentor Oz always preached “you are what you hold.” (ie. winners or losers)
Are you up or down on your recent trades? If down, then fix it!
