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RE: I'm doing my part...
forcing yourself to take profit -Love how this is phrased. Will tahe profit the next time market is up. It's down again, no surprise there.
forcing yourself to take profit -Love how this is phrased. Will tahe profit the next time market is up. It's down again, no surprise there.
Yeah I think it takes a lot of expereience to decide sell (at least some proportion) near the possible top when the mood is 'euphoria', and equally to buy near the possible bottom when the mood is 'doom'.
I.e., once you've held through so many bubbles and then seen a lot or all of your profits disappear, it eventually has the affect on me that I think "I really don't want be in the same position in a few weeks time when I'm thinking if only I should have done this..." - i.e., at least taken some profit when I could).