Thursday, 30 April 2009

Why impatience costs me money!

Well I was telling you yesterday about how pleased i was with PURI and the good results. So being the cautious fella that I am and being a big believer of a bird in the hand being better than 2 in the bush, I decided to sell for a nice 70% profit in two weeks!!!

Only for the f*cking thing to head up another 4p today on the announcement that their products are effective against SWINE!!

What is the old adage again, cut your losses and let your profits run? i am definetely getting that one the wrong way round at the moment... I'm finding it very hard to hang in there and not sell. I'm also starting to realise that with the small caps even after making substantial gains it is sometimes worth finding a good area of cover and letting it ride out - worst case you have your profits minus the spread! sooooooo much easier said than done if you ask me though.

Anyway - the good news for me is that i have just done my end of month rec and my account is right where I would expect it to be - in fact I am 100 quid ahead of target.. for those of you that don't know i have put together a plan that is going to see my 10k into 500k in 10 years time - all this through safe investing / trading.... it is ambitious but i think achieveable so you can watch my progress here!

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