I’ve said it before and I’ll say it again ( you’ve read it here a “countless” number of times prior ).
I’m very often early, but rarely – RARELY ever late.
So what’s it gonna be? Are we looking ahead here? Isn’t that the future our there in front of us?
Do we want to keep staring in the rear view mirror looking at opportunities gone by ( shoulda /coulda / woulda type thing), or do you want to start looking forward, and start making “pro active decisions” as opposed to making “re-active decisions”?
“Selling on red” is “re-active” as you’ve been punched in the gut, your heart is pounding out of your chest, you panic, and you “react” by pushing the “sell button”. Period.
“Selling on green” is “pro-active” as you’ve put profits in the bank, you sleep great and you are 100% completely and totally calm the next morning knowing that your wife won’t kick your ass, you “made” money and that you’ve got every opportunity to get back in there again – when the time is right.
Explain to me the benefits of “selling on red”. Please – explain it to me.
Fact of the matter is…….you’re just too damn greedy to bring yourself to “sell on green” as you’ve got it stuck in your mind that – “I’ve got this thing beat! I can just make more and more!”.
Time and time again…your greed continues to be your downfall.
No one can say if tomorrows news will bring stories of a cure for cancer, or perhaps “the next big thing” in technology – but we “as traders” can’t depend on that. Investors as well, must take into consideration longer term cycles and trends to recognize appropriate times to “get off the merry-go-round” short of suffering long and agonizing “drawdowns”, stress and even larger “long-term term risk” in that – what if this really is a big one? Do you “really” have a backup plan?
Personally, I don’t mind so much – being one of the first to the party cuz…..if that says anything about me at all, obviously you’ll assume….I’ll also be one of the first to leave.
As it pertains to investing / trading – I’ll go with this – and you can do “whatever” it is you do.