Monday, November 22, 2010

TTFN GXG

Yes, ta ta for now GXG.  The stop was hit at the open and we're out at 41.85 for a gain of 9.1%, annual rate of return of 38.2%.  Of course, later it bumped up above our 41.90 stop to close at 42.13.  You knew that was going to happen.  Hey, who cares!  As I look back over years of trying to make a buck at this investing game, there is absolutely no doubt my biggest failing has been hanging on to investments way too long.  Thank heaven this journal is going to force a change (hopefully) in that regard.  Incidentally, I'd be delighted to jump back into GXG once it shapes up.


When I was looking around at various investing sites following the 2008 downturn, one thing I spotted was the importance traders placed on selling discipline.  The message was that finding an investment going up is relatively easy, but subsequently selling that investment requires real fortitude.  Your ego, intellectual capital, manhood and who knows what else is all tied up in that one idea and then poof, it's all gone.  This is a tough obstacle to hurdle, but we're working on it.  I've heard about sports psychologists working with athletes to overcome neurosis.  Maybe we need investor psychologists? 

All asset classes remain in range so no need to be concerned about the sale of GXG causing a void.           
    

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