I always understood that hypomanics make the best traders becasue only hypomanics are grandiose enough to lose 50 million on the overnight markets and know that they will make it up tommorow.
"I always understood that hypomanics make the best traders becasue only hypomanics are grandiose enough to lose 50 million on the overnight markets and know that they will make it up tommorow."
That's why it is said "Only invest in the stock market what you are willing to lose."
About a year ago I owned Petsmart while it was trading at about $22 a share. It started falling like a rock because some stupid news and market jitters. I sold a bunch of other stocks and started buying. I bought at $16, then again at $14, then I bought a bunch more at $12. It finally bottomed at about $10 a share. About 3 months later it was back up to $30 a share. I sold every share I had and walked away.