Seen on a sign posted in a neighborhood: LOST Brown and black dog, three legs, broken tail, blind, and deaf in one ear. Responds to the name Lucky.
On Thursday, I decided I had waited long enough and purchased more stock in spite of a 3% drop in the market indices over three days. As it turned out, this was a good call. On Friday, the market decline was reversed and the indices rose a little over 1%. I am glad that I had the intestinal fortitude to follow my system and make more purchases. However, I did hedge my decision by buying less than the original desired amount.
On Thursday, I decided I had waited long enough and purchased more stock in spite of a 3% drop in the market indices over three days. As it turned out, this was a good call. On Friday, the market decline was reversed and the indices rose a little over 1%. I am glad that I had the intestinal fortitude to follow my system and make more purchases. However, I did hedge my decision by buying less than the original desired amount.
So the question is was I lucky or good? The answer is I don't know yet since I have only been using this stock picking system for about 20 months. For me, lucky is getting it right once or twice and good is being consistently (say over 50% of the time) right. The system has enabled me to make three good decisions and it has had missed one opportunity. While it looks like that I made the right call for now, there have been many instances where the market and my purchases reversed. For those cases, I feel have multiple scars , like Lucky, the dog described above, that represent the times I wasn't so right.
For more on Reflections and Musings , check back every Saturday for a new segment.
Photo Credit: morgueFile.com, Dawn M. Turner
For more on Reflections and Musings , check back every Saturday for a new segment.
Photo Credit: morgueFile.com, Dawn M. Turner
This is not financial advice. Please consult a professional advisor.
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