By Brian Hunt in the Growth Stock Wire:
I heard the four dirty words of trading last week...
My friend had recently purchased stock in a small oil company for around $20 per share. Things weren't going well for the company, so its share value was down to $8 – a 60% loss for my friend.
Here's what he said: "It will come back."
I shuddered at his analysis of the situation. I shuddered at those four dirty words.
This is the mantra of stock market losers. If you catch yourself making this statement, immediately sell all your stocks and stick the cash in the bank...
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