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by trod1234
377 days ago
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I think the same could be said of anyone who has successfully traded regularly over several years. To do that kind of business you have to have mastered yourself or set up systems where the emotional rollercoaster ride doesn't change your choices. > I wanted to buy during this year's dip... The Stock market hasn't had a real crash in quite a long time as evidenced by a number of things including the PE values and stock buybacks, lack of general price discoverability towards chaotic whipsaws and the indexes topping all time highs. People are going to lose the shirts off their backs when it does come, and it will come suddenly without warning. Best to keep that in mind when greed might try to lead you astray. Greed is both a friend and a trader's worst enemy. Printing money enrolls participants in boom bust cycles. We've had a boom for the last 10+ years nearly straight. The stock market is way overdue for a crash. Its an avalanche prone area with a massive snowpack built up. There's always some chaotic trigger that gets everything moving again. |
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