I get so scared of the market and sell shit that goes up and buy shit that goes down or trade sideways ie SPRINT I got in last week @ 3.16 market has moved and this stock has traded sideways. Fuck it i am holding this shit all the way down or all the way up. i am so fucking pissed off I bought ICO at 4.05 and watched the shit go to 4.27 and back down to 3.97 panicked and fucking sold. The shit went down to 3.41 on 2/4. Did I buy again fuck no because everyone out there is saying the market is going to tank. The fucking stock closed today at # 4.33. I am not panicking this time I have 5,000 shares may not seem like allot to most of the people posting if it goes back into the two I am buying more. If the market tanks I am going down with the ship.
New to this? If it makes you feel any better, we all have stories like that. I sold STEC at around $7 for a small loss because it was volatile at the time and Wall St. didn't understand their business plan or products enough at the time. I look back a year later and it's in the 40's.
Don't fret, we've all been there, done that. Try to be more disciplined with your buy points. And, just because you have cash in your account, doesn't mean it has to be invested right away or in a stock that you *hope* will go up. It's ok to leave it on the sidelines until a good opportunity comes around. Read some of Warren Buffet's stuff, patience and discipline and value. I like James Stewart from Smart Money too.