my 1% position in GNW is going pretty well. closed up about 6%.
not bad.
however, as i watched GNW traded up almost 11% above my entry. in just an hour that beat the return of one of my dividend payors that i've held for over 3 months! whoa, 3 months return in only a few minutes! my finger trembled! i wanted to sell GNW and realize my profit.
couldn't do it. i held GNW and it moved down from there. six percent in a day is nothing to be sad about, but still 11% in hand would have been even better. with the market getting top heavy all new postions are for trading.
the market is always completely impersonal and cold. trade for yourself ruthlessly.
see each trade through the eye of the tiger
