"It matter more where the stock is heading then where it came from."
is a quote I just heard from Cramer. This is important to know when closing a position that may have been painful to be in.
But when entering a position I believe this is what one should do ala Mary Blige:
"Leave all your troubles and your cares behind
Don't you worry 'bout a thing, not tonight, no
Don't drink too much because we have all night
Don't you rush because it's all night long"
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