Comments on: Took at Loss on Nucor (NUE) http://mytradersjournal.com/stock-options/2007/06/28/took-at-loss-on-nucor-nue/ Investing in Stocks Through Options Sun, 20 May 2012 05:09:47 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: The Trader http://mytradersjournal.com/stock-options/2007/06/28/took-at-loss-on-nucor-nue/#comment-96 The Trader Fri, 29 Jun 2007 19:42:56 +0000 http://mytradersjournal.com/stock-options/2007/06/28/took-at-loss-on-nucor-nue/#comment-96 Thanks for your comment Kadena. I agree with you. You have to stick it out to win long term. Thanks for your comment Kadena. I agree with you. You have to stick it out to win long term.

]]> By: Kadena http://mytradersjournal.com/stock-options/2007/06/28/took-at-loss-on-nucor-nue/#comment-94 Kadena Fri, 29 Jun 2007 15:10:11 +0000 http://mytradersjournal.com/stock-options/2007/06/28/took-at-loss-on-nucor-nue/#comment-94 Using an analogy, I love football. Sometimes a run or pass play work perfectly, because the defense isn't set up against it. At other times, they lose yardage against a different defense. The plays are good regardless, and not every QB will see things quickly enough to call an audible. So when the coach plans, the plan sounds good. It all boils down to timing, and of course hindsight is 20/20. I think the same for investors. All money is good money, but when our timing is wrong on the plays, we may be on the giving side of the dollars instead of the receiving side. A truly good athlete/investor will always dust himself off, resume play, and eventually win. Only poor ones will quit or lose. So, do we want to be winners or losers? Sometimes the results aren't even our fault I'm convinced, but our psyche is our responsibility. So I'm sure the future is bright, regardless of bear or bull markets, as I am convinced our ultimate desire to get ahead will show in our actions. After all, if we believed we were starting to make mistakes and cannot do any better, then truly our investing days are over and we might as well quit. Or, continue to invest, diversify, preserve capital, take winners, ignore losers, and move on. There's so much more money to be made, and look at all of the success from the past. Clearly, we are coming out ahead. Using an analogy, I love football. Sometimes a run or pass play work perfectly, because the defense isn’t set up against it. At other times, they lose yardage against a different defense. The plays are good regardless, and not every QB will see things quickly enough to call an audible. So when the coach plans, the plan sounds good. It all boils down to timing, and of course hindsight is 20/20.

I think the same for investors. All money is good money, but when our timing is wrong on the plays, we may be on the giving side of the dollars instead of the receiving side.

A truly good athlete/investor will always dust himself off, resume play, and eventually win. Only poor ones will quit or lose. So, do we want to be winners or losers? Sometimes the results aren’t even our fault I’m convinced, but our psyche is our responsibility. So I’m sure the future is bright, regardless of bear or bull markets, as I am convinced our ultimate desire to get ahead will show in our actions. After all, if we believed we were starting to make mistakes and cannot do any better, then truly our investing days are over and we might as well quit. Or, continue to invest, diversify, preserve capital, take winners, ignore losers, and move on. There’s so much more money to be made, and look at all of the success from the past. Clearly, we are coming out ahead.

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