Listen to Adam Hamilton, author of Zeal Intelligence Reports.

http://www.compareshares.com.au/zeal27.php

"  fear only grows intense after a major correction, when a stock falls to or under its 200dma. After such a long or fast decline is when traders as a group are the most scared and feel the strongest urge to sell. Yet if they succumb to temptation and sell at these times of great fear, they are selling low. If you want to sell high, you cannot wait to sell until everyone else is scared and thinks the time to exit positions has drawn nigh.

"Despite most traders buying greed near highs and selling fear near bottoms, and losing money as a result, you can transcend this natural human tendency. To grow successful at stock trading, you have to learn to totally ignore your own emotions. When everyone else is greedy and it looks like a great time to buy, odds are it is not. In reality that is the time to sell. And when everyone else is scared and you are really uncomfortable and want to sell, it is not the right time. Instead that is the time to buy.

"This is the essence of contrarianism, doing the opposite of what the majority is doing. The best time to buy a stock is when it is the most beaten up and you least want to buy it. And the best time to sell is when a stock is thriving and you absolutely don’t want to sell it. Trading is so challenging, and so many people fail at it, because it demands you do your buying and selling when you least want to. You have to be a black sheep, buying when most others are selling (fear-laden bottoms) and selling when most others are buying (greed-laden tops). Fight the crowd to win!

"Although extraordinarily hard at first, thankfully like everything in life this gradually gets easier with practice. The longer you trade, the longer you suppress and ignore your own emotions, the longer you observe the emotional state of other traders, the more natural this becomes. Eventually you will approach the point of immunity from your own greed and fear, and then you will really start multiplying your wealth. It is a hard journey, but well worth it. Mastering your own emotions has countless benefits outside of trading too, as it makes you much easier to get along with. "

Definitely apropos in the case of KXL!

Michael