Google Stock Quote

This is probably the most important message I can post about trading Google stock - or any stock for that matter.

Prior to yesterday’s price action, GOOG looked like it was starting a new rally. Then the news hit. If I recall correctly, someone downgraded the stock or came out with some bad news about Google.

Whatever the news is, it doesn’t matter.

What does matter is how you dealt with it.

Personally, I am long the stock at a lower price and have no plans to unload my shares for just about any reason. The shares I own are an “investment".

Trader’s on the other hand, would likely have exited a long position on yesterday’s open. I’m talking about real traders, the ones who have been in this game long enough to realize when to fold.

Now it’s easy to say that doing so was not the right thing to do. Look how the stock rallied higher.

Just keep thinking that way as your trading account dwindles down to nothing.

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