After we had a followthrough the week before last, I jumped in and
bought a bunch of long positions. This rally has floundered, IMO. I've
been getting shaken out of a few of them, and this morning will close
out a bunch more. 2 things I did wrong:
1. I should have waited for a better rally confirmation.
2. I bought too many stocks at one time.
If I was a true CANSLIM person, I would not be investing at all right
now (and I would still have the profits I made earlier this year). I
realize, however, that I like the excitement of trading. This is not
necessarily a good thing.
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