June 27, 2011
– Comments (6) |
RELATED TICKERS: TECL
+154 point gain is making me sick to my stomach now..
Yeah but its like poker. You fold 2,3 and the flop comes 2,3,3. You might feel awful but you made the right decision so forget it.
#1 - or maybe he got bluffed of another pot with the best hand. : )
coulda', shoulda', woulda'...you can't time the market chief....as long as you sell high, buy low, you're doing alright
Balancing risk/reward is a personal call. If you get squemish when you're all out, however, then there's not much anyone can do for you.
Generally there's a balance if you're going to be in the market. Unlike many things in life, there is no reason to be all-in or all out. At a minimum, however, you have to have a plan and follow it through.
Good luck...hope you find some method of carrying for your assets that works for you.....maybe by moving to a deserted location with no TV/internet..etc...what you don't know won't hurt as bad... ;)
I promised myself I'd set up a dividend income account and then ignore the market until I'm ready to retire. Have I? Of course not -- I sold Novartis then saw it go up another 10 points. But generally, I'm not flinching. Diversify, diversify, diversify.
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