Got It All Wrong
Back in March, I thought Diamond Offshore Drilling (DO) was close to topping out. Well, it just broke out to a new high. There's a lot of momentum in this stock and it's going to go higher. Unfortunately, I can't bring myself to purchase any shares. I owned this stock a long time ago and couldn't make a penny. It's hard to forget old memories. Anyways, I'll just watch from the sidelines...
posted by Money Turtle @ 6:40 PM
2 comments
2 Comments:
That happened to me with Intel. I bought it at 20 bucks a share and sold it at 21 bucks. After Intel broke out of that range, I couldn't get myself to buy another share.
In order to develop into a good trader, the biggest hurdle to overcome is controlling one’s emotions. It takes time and experience…
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