[Tryst]

Happy new year, all.

Thanks for the charts, Isatrader.

Just looking at some of those charts you can imagine the pain the shareholders would be in who buy and hold at the peaks of these stocks PNTR, DRYS, BWEN, XPLR. Its taken almost 10 years just to have a minor rise relative to their peaks. The stock market can be a brutal place for those who don't know the system.

We have almost a similar situation in the UK/US with the mining sectors, esp. the precious metals sectors (gold and silver). I bought a stock, NYO at around 22, and it is now priced at 0.40, so down around 98%. Will I see my money back, maybe not, but really to sell out now would be pointless. Its worth one month's internet costs. I invested, and held, when I wasn't aware of bull and bear markets. I started investing just as the mining sectors was breaking out and got quite lucky...only to give all my gains back...because I didn't know about trends, bull/bear markets.

Point of this post...when a stock enters a bear phase (stage 4), being discipled and stick to your stop. Never ever lower it as prices decline. Selling at a 10-20% loss is acceptable. Accept small failures as a step towards victory.