No need, don't fight the bots, work around them and stand firm, their goal is to produce fear and panic forcing weak hands to sell ,so they can then mop up cheap shares, don't play their game.
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A rebuke from Kate to her fellow NZ Herald's matthew 'wet behind the ears' Theunissen business writer over his emotive 'Bloodbath' article, blindly copying headlines from overseas.
http://www.nzherald.co.nz/business/n...ectid=11989277
Pity really as he could have put some perspective on the market drop - giving up 5% after 35% gain is 'bloodbath'?
It's the derivatives that are destabilising relatively sound capital markets. Monday's Wall St record plummet was not a market correction - it was a meltdown. Wild swings of 100 or so points either way in the space of an hour constitutes mayhem and chaos, which is more likened to a drunken splurge in Las Vegas. I think we are yet to see an overall market correction but just looking at my own portfolio (which is not necessarily reflective of the NZX) - my graph is showing a steady line down from +15.10% at the beginning of the year to +7.9% yesterday so I'll be watching with interest as the current volatility may be masking some other underlying theme.
Nicholas Taleb’s book Fooled by Randomness should be required reading for all investors. I read it at least once a year (good for long haul flights)
One good part is how he explains the self anxiety caused by looking at your portfolio too often. The less often you look you get heaps more enjoyable moments (up / gains) than anxious ones (down / losses) ....and when you continually look at your portfolio the chances are that are only a few enjoyable moments than anxious ones.
This dude covers it off better than we
https://acquirersmultiple.com/2017/1...or-themselves/
So for a pleasurable life and less moments of anxiety and stress please stop looking up prices every few minutes ...or hours. Not good for your health
Bull... he is excused as he is a real trader and needs to look every second to make a bob (but probably has many anxious moments as well)
Thanks for the reminder Winner... need to get the book from the library again and read. It certainly was an eye opener the first time. He writes well too does Taleb. I already knew about the anxiety at looking often at markets, if you know the psychology behind it you can actually make quite a bit of money off that fact alone.
The big problem being our mind that the negative moments cause more "pain" then the positive moments cause "pleasure" by about 2 to 1 or even more thus never being enough to compensate if you look at your positions too frequently.
I'll be one to admit my portfolio gets the regular f5 treatment. Its part of the fun. But its only on the first of every month do i take a serious look and record where each share is at. Hence I have a monthly trail going back decades on my overall positions. And lso why I don't get too anxious - as generally the position improves month on month and if not certainly year on year.
I think he means 'refresh' ..(F5) keyboard speak