Hello Lethalgal,
Regarding the sentiments you’ve expressed yesterday (“I am having a hard time with this.”
and “I am not happy how slow this is happening-ridiculous!!!” and “Excited but troubled.”):
Relax. Read a good book. “Extraordinary Popular Delusions and the Madness of Crowds”
will reinforce your belief in yourself.
A free (no strings attached) pdf download of it is available (as follows):
http://vantagepointtrading.com/wp-content/uploads/2010/05/Charles_Mackay-Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds.pdf
A free (no strings attached) audio download of Volume I is available (as follows):
http://librivox.org/memoirs-of-extraordinary-popular-delusions-and-the-madness-of-crowds-volume-i-by-charles-mackay/
I don’t remember where I first heard it, but it’s true: Markets climb “Walls of Worry.”
The same, on the best of occasions, applies to individual stocks.
Usually, they don’t ring a bell and make a public announcement before a gigantic upward
stock move is allowed to begin. That only happens a few minutes after I sell. Being that I
will not be doing that at these levels, you’ll just have to stick to your convictions, without
relying on the market to become rational at the rational time people expect.
Being in harmony and agreement with popular wisdom will not make you rich. Being “not
happy” (as you say) will get you nowhere. You will not multiply your money the way you
want by being happy with the way things are going ahead of time. Climbing a “Wall of
Worry,” the break you’re waiting for will likely take place; but likely not according to the
logical schedule you expect.