The Confidence Within One Self
Posted on May 29th, 2008 by Will Work for Cheesecake!!!I sometime second-guess myself, is my decision right when I buy or sell? You are right when it is correct. You are wrong when you miscalculated. What did I learn from my teachers? I learn that I must not look at stock quote everyday. Does it matter if you gain or lost every week? Do you have the confidence in yourself to bet on what you think is your best decision.
The Stock Price Goes Up
Dammit, I sold it too soon the stock price for Burlington Northern Santa Fe still goes up. Did I make a mistake somewhere? I believe you have to ask yourself why you want to sell it the first place? Do you sell it because you think the stock is already at premium, and you want to cash out? How can you receive the maximum pay out without fearing that it going to go down?
My teacher only has one word to tell me, if the company is still growing why sell? I guess he meant if the outlook is still strong and the company is still growing why sell out so quickly. What about the people that sold Google at $100 dollars? They must be feeling stupid to sell out so quickly. What do you think?
The Stock Price Goes Down
I should have waited a while before buying Wachovia. I know that banks would have more trouble ahead because of the mortgage mess. I still think it still difficult to time the market on when it going to go up or down. If I thought that gas was going to go up then I should have bought Exxon Mobil at 30 a share back then. What do you think how do you time the market?
Final Thought
There is always a lesson to be learned. I believe that you shouldn’t buy because some dumb dumb upgraded the stock to buy. I don’t think that you should follow Mr. Market day to day. I must have more confidence because there is no right and wrong; but only a lesson to be learns.

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