Wednesday, August 31, 2011

Fill or Kill

Google it.  I'm not spoon-feeding you any more.

I'm learning to exercise some discipline.  In investing, anyway.  I placed a limit order today at 2:58 - two minutes before market-close.  I offered to sell my 100 shares at 2 cents below the bid price and waited for the trade to execute.  While I sat and thought, "Why do I care about $2?"  Because I didn't mind holding onto it.  And 100 shares was only half my position.  Compromise.  Very different from my usual all-or-none approach.

Lo and behold, at the very last minute, my order executed.  I made a tidy little profit, for three days.  I keep thinking I could be a Rich Girl if I could just focus on the market.  But I'm smart enough to know I'm kidding myself about that.

Like with poker.  If I could've stuck with Texas Hold 'Em, I could've been a contender.  Or not.  The truth is, I'm an open book.  Which, strangely enough, plays to my advantage in poker, since I'm frequently confused.  And always near-sighted.  I need to find my glasses.  Maybe my competitors would take me more seriously.  But that could be a disadvantage.

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