Monday, October 23, 2006

Thou shall not listen to friends after entering trade...

I entered my first trade in as long as 5 weeks and I thought I did a good trade until it started retracing on the second day after I took the trade. Hence, I sought the advice of a friend. Guess I should not have listened to him. I made a loss, exiting my trade that day. Today, the stock has made a new high. Painful. Could have made a gain of 200+% but now ended up with a loss.

I shall not listen to friends after I've entered a trade, I shall be patient and not be a kancheong spider... While the advice was given out of goodwill, thanks but no thanks... :(