My Investing Progress

So being an Amateur Investor, I really haven't said much about my experiences since I started this blog. I read Rule #1 by Phil Town and have been trying to follow his system. I got in with a good margin of safety and with a company that I feel I know and understand. The stock was on an uptrend and doing pretty well, but with all the craziness in the market it dropped like a stone. Well I can't buck the system because the signals were there to get out, and I second guessed them. So anyway I was looking at the stock bottom out and was thinking, what have I got myself into. Though I was very tempted to get out, I decided to stick. Like Buffet's value investing, I knew that I had a good company, at a good price and that it would eventually rebound. Well the stock reversed and is on an uptrend again and I am about to break even. So I guess the moral is don't second guess, don't be emotional, and don't jump in and out at the wrong times. Even though I haven't made my mind up about the Rule #1 system. I figure I will give it a year to see how I do. I like Phil Town because he is pretty straight forward, he is very active in his blog, and will answer any questions that you have. Being new to investing I plan on continuing to learn all that I can. So one of these days I can graduate from amateur investor to mediocre investor.