hi vepper, I can identify with the article. How are you ever gonna know if you did the right/ wrong thing if you take the risk. Being successful investing, I think, requires a little bit of luck too. As I said before, first I was a trader and now have changed to investor. The trading I did a few years ago only hampered my financial position today. Had I taken more time then to realise the potential of some of the stocks I had then, and hold onto them, I would have been in a much better position today.
Prime example, I held 7k shares of Teck Cominco (now Teck Resources) A couple years ago that I bought around the high $3 mark, after I had my 100% plus gain, I sold all and traded with that money. I probably managed to make 100% off that money in 2 years, but didn,t get the almost 2000% where its at today.
So, my strategy has changed, do the homework,watch almost everyday and STAY where I park my money if everything warrants it. If I were to take money out of SLI, try to trade and then time it to get back in, I am guessing that I would have been much further ahead by STAYING. IMO, I would be putting this capitol at much more risk than it is currently, and when its time to buy back in, chances are I wouldn,t be able to buy as many shares as I previously had. And, if my timing was off, I could stand to lose a double , plus only be able to buy half of my original position because the stock now costs twice as much.