Just yesterday I had 10% of my account in NBEV. Heading into the day I had intended to place another 5% in — upping it to 15%. But because TLRY ran hard and made NBEV run too, I opted to sell — believing yesterday would be a blow off top. Many of the pot stocks exhibited blow off top moves yesterday, which further entrenched my belief that I made a good decision. In hindsight, it was a dreadful one — a fleeting idea that I now regret, miserably. I gained 44% and have never hated it more than I do now — gawking at the stock drifting above $7 like a wave, luring all sorts of pikers into the stock who now know what I knew weeks ago.
Had I held, my gains would now be in excess of 200%. Truth is, this has happened to me numerous times in the past, especially when I’m trading and ripping out profits. The essence of trading successfully is to be disconnected from the logo you’re trading. A profit in NBEV is no different from a profit in GE; you take it when you can and don’t bitch about it later.
I have company visiting House Fly today, so I’m in host mode and have been tasked with scrubbing toilets very diligently and very beautifully. After that, I’ll be tasked with mopping the floors, vacuuming the rugs, and of course cleaning the exterior of the automobiles in the drive way. Do not live my life — it’s not worth the effort. Get out there and make a bunch of money and travel to Ireland — get drunk and fall asleep in the streets. Getting old isn’t for the young and being young is often taken for granted. You won’t know how stupid you are until it’s too late.
Ciao.If you enjoy the content at iBankCoin, please follow us on Twitter