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Velti Halka Acık Limited Şirket Message Board

  • hammerandtong2001 hammerandtong2001 Nov 27, 2013 12:31 PM Flag

    Fear, Ignorance, Hope and Greed

    "The speculator’s chief enemies are always boring from within. It is inseparable from human nature to hope and to fear….The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses...Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit."

    Livermore's genius on display.

    The VELT longs "hoped" their mounting losses would reverse. They failed to "fear" when they should have. And many averaged down, breaking the cardinal rule of all speculation - "always SELL what shows you a loss..."

    And it is in VELT, that shorts have achieved short sale nirvana - they have come as close as possible to SHORTING VELT TO ZERO.

    Amazing that some here exhibit "hope" - when all hope here was gone long ago.


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