Investing 102

[GregWeld]

Originally Posted by WSSix

No, I'm out back whooping my own ass because I was asleep at the wheel a few weeks ago when T and VZ took big dips. I was being patient and not wanting to catch a falling knife. I was concerned with what the market was thinking about their recent acquisitions. I didn't have a problem with what was happening but the market apparently did. So I decided to be patient and missed the dips. I had the money ready to buy and was planning to buy anyway. The dips were icing on the cake. Still being patient right now and hating it, lol. Moral of the story, buy good names and don't worry about catching all the dips.

My oil stocks are coming up nicely though

And many times continuing to be "patient" only causes you to miss even more of the run. Not picking on you when I make this broad general statement..... bending over to pick up dimes causing you to lose dollars??

LOL

You're thinking was all sound..... Where WE miss out is when we begin to think like we're big traders and we're going to buy low.... but when you really do the math on what we were trying to save buy waiting to "get in" is often the train leaves the station.

Once in a great while - the market moves with us and our waiting is rewarded by a fall in the price... but that's just dumb luck.