The above is copied from a conversation between T.Gal and another poster. I read most of T.Gal’s comments on the forum, so should every inexperienced and new investor. Of course, newbies should also read the recommended “Eight with Weight” books.......my 1st purchase for trading purposes only, was 226 shares, but I paid about $5 per share [not $600+], and made a moderate profit [for a moderate investment], after holding some months. Then I used the same capital + profits to do my 2nd trade, and so on.
But here is somebody who speaks from her own experience and her posts hold an investor wisdom you will not easily absorb from books. T.Gal consistently states in her posts that it takes/took her sometimes months, years before she moves a stock - it’s like a red thread thru her posts.
To me this is one of the most valuable messages a new investor can learn. She teaches patience by practising it. Before I read her messages on CMF I drove myself and our advisor nuts when a stock dropped, simply didn’t know what “holding a long time” meant. For some people, especially when their investment disappears in front of their eyes, “a long time” could be days. I learnt thru her comments that (of course, depending on circumstances) it is “allowed” and necessary to wait and force myself to be patient.
I wonder how many new and inexperienced investors are in the same position as I am and not being patient enough to wait how a stock develops. It’s not easy, but to know that somebody else is successful with it is a huge encouragement.