Who bought AMR at $1.11 and still owns it now? 3200% return between now and then. To get a 3200% return on RIMM, it would have to go to $4,320 per share. Apple would have to run to $2,912. Goldman Sachs would have to go to $6,720 per share. And Google would have to run to $14,784 per share. I do have a point here.
Re-read the above. Can you see the problem with what you are saying? If you cannot then stop trading now, otherwise that attitude will most likely lead to a trip to the poor house for you post-haste.
No, I know that. I have to be honest though. In retrospect, I have issues because I wasn't trading or investing when it was the optimum time to be doing so (2003), and I feel like I'm just chasing performance now on almost anything I analyze as a prospective buy (anything worth buying). I sometimes wonder if I will ever see a trade year as rich in opportunity as 2003 again in my lifetime. So, I understand your point, but I'm having a difficult time shaking that demon. It feels like a gargoyle perched on my shoulder.
Red Ink and Equalizer: This is probably something you've each dealt with in the past. Aside from the proverbial "let it go; water under the bridge" commentary, which is sound, have you found yourselves handicapped in trading when you've had similar feelings?
there are a lot of 3200% returns.....in retrospect. I hav never seen a prospective and certain return of that magnitude. In fact, the only certain return besides death and taxes, is the drunk at the bar. Everything else is iffy.