We have all done this. It should be our goal to try harder not to do this in the future. What am I talking about? The greed factor.
You’re working your way through the jungle and you happen upon a bear camp. You scope it out awhile and see that their treasure is not well guarded. You go back and tell your buddies and you plan your attack.
At night fall, you and your guerilla buddies storm the bear camp and each grab a handful of gold coins. The market has rewarded you by moving in the direction of your position, however, you are not satisfied with a small winner.
You want to take more treasure rather than run back into the jungle with your handful of gold coins.
A few bullets race by your head so you duck down behind a nearby rock, grabbing more gold coins, and firing shots back. You hold onto the trade in the hopes of a larger gain, only to watch the market turn and move against you.
All your buddies are back in the bush with their little handful of coins while you are stuck behind a rock, with a lot more gold, but are taking heavy fire.
You now hesitate and the trade further deteriorates into a substantial loss. You race out from behind the rock in a desperate mad dash for the tree line. All the gold in your pockets falls out. You are shot multiple times in the back and legs. Somehow you make it back into the trees. You have nothing to show for your effort except painful bullet wounds and a bruised ego. Back at camp, your fellow guerilla traders rejoice while you are fighting for your life, flat on your back, and as broke as a bum.
There was no need to be greedy. It was only one trade. You’ll make many more trades. Opportunity exists in the marketplace all of the time. Remember, “Bulls make money, Bears make money, but PIGS get slaughtered.” Never be greedy. Think small gains using guerilla hit and run tactics.
Related Articles:
- Tired Of Losing Money? Need A Real Plan Of Action To Finally Make Money In the Stock Market? Tried buying low and selling high? Tried jumping into a stock based on a news article, earnings release, or a...
- Institutions Buying Foreign Stocks – How Much Money Could You Make Doing This Yourself! If you’ve ever wanted an easy way to make money in the stock market, a powerful money-sucking profit stream, then...
- Little Mistakes That Get Amateur Traders Killed Amateur traders die because they run around in the jungle and grab a bit of money from this camp, a...
- Post Assault Bulls Terror: Top Now In Place On The S&P The huge Bear camp at 1100 (Fib. 50% retracement) on the S&P has stopped the Bulls 7 month advance. A...
- Horrifying Secret Bear Camp Discovered Both the Dow and the S&P 500 have reached the feared 50% Fibonacci retracement level. This level activates what is...
