Hindsight is always 20/20. What's it going to be 2 months from now if we get community virus spread and everyone is in lockdown That's the $64,000 question !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Hindsight is always 20/20. What's it going to be 2 months from now if we get community virus spread and everyone is in lockdown That's the $64,000 question !
Better yet, what's it going to be tomorrow or any other day this week!?
Banks and finance companies don't do well in a global financial crisis which is why I got out at an average of ~ $1.80 several weeks ago. I think the new trend is quite clear but obviously daily macerations of the share price are another thing.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Listen. If you can’t take a loss then investing in individual companies will be depressing
I’ve taken a 10000$ Loss when I first started investing (over an embarrassing 6 month period of blindly buying hype)and have made that plus a lot more back
Taking those losses taught me the important of realising this game requires losses to be taken . If you want define yourself risk and enter with a stop loss and sleep at night
Losing 1000$ and making 5000$ is probably the best way to make money most of the time
Last edited by Cadalac123; 17-03-2020 at 09:01 PM.
It is essential to learn to accept losses, bail , learn and move on.How many folks that have had a trade that has turned into a long neglected hold simply because they couldnt bear taking a loss.Ive done it.
If you cant crystallise a loss you shouldn't be doing it at all. You will turn into one of those people who will make a million from losing two.
Until the virus passes its peak in USA ( how many months) for one id be very careful about investing in anything.Just my opinion.Trading or shorting is something else and not my thing although i have some BBOZ which is bit of a roller coaster.
Originally Posted by Entrep
That's the $64,000 question !
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