The Optimist says Hold. This is just the beginning. Diamond hands baby!
The Realist says I am up 40%. That is a Win. Take profits.
The Gremlin says If I sell now, it will 10x tomorrow. If I hold it will tank. Choose your pain.
Somehow the Gremlin wins.
So what keeps us from profiting? It is not lack of skill. It is hope, ego and the seductive whisper of "just a little more."
How to handle emotional trading?
I like to buy Index ETFs, forget my password and let time do the heavy lifting while I live my best life.
Then one day I recover my password, peek inside my account and boom: What? I am up 300%? It is the closest thing to financial amnesia but with a happy ending.
That is how I like to invest. It is time in the market that counts, not timing the market.
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- Ah_Mengยท09-21Ahโฆ typical coffee can investment mentality [Strong]1Report