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instant gratification (MT)
Old 11-30-2011, 11:41 AM   #1
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instant gratification (MT)

Though I'm mostly buy and hold, invest for the long term, I get a thrill when a recent stock purchase soon goes up. For example, this week I picked up MT via a limit order, and it's up over 10% today. Similar satisfaction occurs when I add a player to my fantasy baseball team and he knocks a HR during his first game on my roster. This feels odd since I'm not the instant gratification type. Anyone else?
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Old 11-30-2011, 12:26 PM   #2
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I was feeling good about buying nflx back at $75 after selling it at $301. It quickly went up from $75, at least 10%, but now it's hitting more like $64. So much for my genius. I have a new buy limit at $62.75 after I noticed it was actually down today instead of up like everything else. Hopefully enough volatility to sell the $75 shares in the next year.
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Old 11-30-2011, 12:44 PM   #3
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1966 - 1982 when I was a tad younger, I had a wonderful portfolio of a few good stocks, promptly dumping any dogs - with the help of a great broker/advisor.

Until some turd pointed out that I trailed the index(500 in those days) by a wide margin.

heh heh heh - in ER lifecycle index fund for real money - and so as I don't take myself too serious - watch football and have a few good stocks.

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Old 11-30-2011, 01:26 PM   #4
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Originally Posted by GrayHare View Post
Though I'm mostly buy and hold, invest for the long term, I get a thrill when a recent stock purchase soon goes up. For example, this week I picked up MT via a limit order, and it's up over 10% today. Similar satisfaction occurs when I add a player to my fantasy baseball team and he knocks a HR during his first game on my roster. This feels odd since I'm not the instant gratification type. Anyone else?
Congrats on the gain, but have you taken any profit?, until you sell it's just a good feeling. In fact investments with that sort of volatility have no place in my portfolio. There I go again being a "Debbie Downer".

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Old 11-30-2011, 03:21 PM   #5
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Congrats on the profit. I've found myself turning into more of a swing trader lately with these crazy markets. The only thing I hold onto for any length of time is my cash so I can minimize any unexpected market turns. Yesterday I did an option order on HD and made >50% profit in one day when compared to the total $$ invested. That was sweet!
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Old 11-30-2011, 03:40 PM   #6
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I find myself watching new stock purchases more closely, and being particularly tickled if they catch an updraft in the first few days. Generally I don't sell at market price, in fact I can't recall the last time I did. When sales happen they are via a stop loss. A stock that rises soon after purchase lets me lock in a higher stop loss sooner.
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Old 11-30-2011, 04:03 PM   #7
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From an old Cathy cartoon:

"I don't have TIME for instant gratification!!!"
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Old 11-30-2011, 06:27 PM   #8
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I'd don't get too excited until I sell & lock in a gain but selling too early has often been my biggest mistake. Then the depression sets in
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Old 11-30-2011, 07:50 PM   #9
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Years ago, when the market was on the rise, everybody feels good and
we thought we're good and buying all the good stocks.
Then the market turned south, and we all realized it was not our skill.
We were mainly just there for the ride.
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Old 11-30-2011, 07:57 PM   #10
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I'd don't get too excited until I sell & lock in a gain but selling too early has often been my biggest mistake.
If that's your biggest mistake, you live a charmed life.
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Old 12-01-2011, 04:39 AM   #11
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Well, in terms of investing of course.

Great example of an epic investment eff up - bought USG with Buffet between $3-5 a share, went into Chap 11 due to the asbestos litigation, I got worried I was going to get wiped out and sold. Housing boom comes along & USG stock goes above $100.
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