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Old 12-29-2007, 01:57 PM
rtb rtb is offline
 

Join Date: Dec 2007
Posts: 2
Default Ti's better to have tried and ...............

Hi skouser,
Recently joined the site and understand to some degree how you felt with the buy or sell button. I too was in that situation when I lived in Canada for 30 years and I was dabbling in stocks before I even knew about forex when I returned to the UK.
The long and the short of it is that I wanted to buy a tech stock in 2000 called RIM which was trading at $65 share. Being a type 'A' personality (a nutter) I decided to buy 1000 shares ($65,000 plus commission) - I only earned about $80k a year as an engineer. Anyway I thought about it all day without making a move and into the night and the next morning when I said to myself 'it's now or never' (or words to the effect of) and so I hit the buy button - no turning back now!

Within minutes it had dropped to $58 share so I was down but not out $7k and ready to pull the plug but a little voice inside said hold on as it was only a pull back and 20 minutes later it went up to $75.60 and I hit that sell button faster than 'you know who' and made myself over $10k in 20 mins.

Great eh? not really - because I had got ****y and lost it again some days later with the same stupid stunt.

In other words if I would have bought a stock with money I could have afforded to lose at a more realistic share number level then I would not have felt nervy as you did (putting aside the 9/11 situation).

Anyway, I'm rambling so I will bow out and wish you future success.
By the way I assume you are a fellow Liverpudlian even though you can't spell scouser - ha!ha!
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