Re: [CANSLIM] Mindset comment - was BCGI big dip

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Mindset comment - was BCGI big dip
Date: Thu, 17 Jul 2003 21:39:53 -0700 (PDT)

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Thanks for the advice Fanus.


- --- Fanus <fanus13@yahoo.com> wrote:
> Tomas
> 
> I can't really add anything to to all the other
> replies, but I want to say something about your
> comment that you consider this tuition fee. I agree
> in
> this instance you couldn't have done much, but be
> careful to get into the mindset of writing all
> losses
> off as tuition.  I have done the same thing for a
> long
> time and got used to losses because I am still
> "learning".  After a while I realize this is fine to
> be learning, but I am not trading to learn. I am
> doing
> it to make money.  Once I changed my mindset, losses
> started to hurt a lot more and I am now much more
> vigilant with all my positions.  You'd be surprised
> the difference a change in mindset can do to your
> trading account. 
> 
> Best Regards
> - Fanus
> 
> --- Tomas <tomas986@yahoo.com> wrote:
> > Gene,  I don't see this as a bad thing.  This is
> > another tuition fee.  I look at it is way, I will
> > make
> > a lot of mistake.  It is better to make the
> mistakes
> > sooner than later (because I use less money now
> than
> > later).  I would like to get as much experience
> and
> > lesson learn out of this as possible.
> > 
> > On your second sentence, you are saying that I
> > should
> > put hard stop or stop limit on all my trades?
> > 
> > tomas
> > 
> > --- Gene Ricci <genr@swbell.net> wrote:
> > > Hi Tomas, sorry to hear of your bad luck. I have
> > to
> > > caution you to not trade with a hard stop of
> some
> > > limit or another.... I see it's now down to a
> 39%
> > > drop.... when does benign become terminal?
> > > 
> > > Gene
> > > 
> > >   ----- Original Message ----- 
> > >   From: Tomas 
> > >   To: canslim canslim 
> > >   Sent: Thursday, July 17, 2003 1:28 PM
> > >   Subject: [CANSLIM] BCGI big dip
> > > 
> > > 
> > >   Hi All,
> > > 
> > >   I recently bought BCGI at BO on 07/08 for
> > $18.89. 
> > >   Good fundies and good CwH.  No real yellow
> flags
> > > that
> > >   I can see.  Yesterday on after hour trading,
> it
> > > went
> > >   down about 33% due to news on a potential lost
> > of
> > > a
> > >   big customer (51% of revenue).  Also, earnings
> > > release
> > >   yesterday was very good.  So, my question is
> > > should I
> > >   know this coming?  Maybe I missed some big
> > warning
> > >   signs.  Maybe I should have noticed the active
> > > insider
> > >   selling the last few months.  Another other
> > > warning
> > >   signs that I would have noticed?  Or is this
> > > something
> > >   that you cannot protect from?  I am think
> there
> > > should
> > >   be enough warning signs for this king of
> thing.
> > > 
> > >   Is might be another dumb question, should I
> just
> > > sell
> > >   it now (you might be thinking "What! You have
> > not
> > > sold
> > >   it yet"). Or wait for a few days to see what
> > > happens
> > >   and maybe I can get some of my loss back?  Am
> I
> > > just
> > >   been "hopeful when I should be fearful" (ie,
> > sell
> > > and
> > >   get out ASAP)?
> > > 
> > > 
> > >   Regards,
> > >   tomas 
> > > 
> > >   __________________________________
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