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Apple Inc. Message Board

  • wait4itorsell wait4itorsell Apr 24, 2013 12:11 PM Flag

    That was a terrible ride...

    Sold AAPL at 409.32, lost my shirt on this one, I forgot the basics of trading

    1. Never turn a trade into an investment
    2. When everyone is talking about a stock, it's too late to get in
    3. When everyone is fearful and you want to be greedy, understand why people are fearful
    4. In today's market it doesn't matter what a company has done, it's what they will do next.
    5. Never try to catch a falling knife
    6. Perception is reality, even if it doesn't make sense
    7. Reasonable gains and acceptable losses
    8. If you can't be in front of your screen from 9:30-4 EST use tools to protect from the downside

    I would like to thank Mr. Cook, all the short sellers, and of course Jim Cramer and the rest of the CNBC crew for helping me remember all the things that I ignored. Oh well, you can’t win them all.

92.2857+0.2457(+0.27%)11:16 AMEDT