Read? Buy and hold??? Take a good look and seriously think over it.
It is very important to track and measure our performance closely so that we can objectively know when we are wrong.
e.g. I will know that I am wrong if I don't make any money from the market for three consecutive months. I will stop and stay sideline. LOL!
Will Bitgert Coin’s Price Soar After Bitcoin Halving? Here’s What Experts
Say
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As Bitcoin’s halving approaches, eyes are on its effect on the smaller
cryptos, including Bitgert Coin. It’s an event that calls more activity and
market s...
2 hours ago
thats not really helping! what do you mean by not making money? no div no cap gains?
ReplyDeleteWhen I was doing contra trading, I never have any consecutive months of losses. Once I have three consecutive months of contra losses in 2008, I stopped doing contra trades anymore.
ReplyDeleteSince Nov 08, I didn't have any consecutive months of not making money from short-term trading. When I have three consecutive months of not making money from short-term trading in 2011, I knew that I was wrong. I stopped too.
We can't know where the market is going; but we will know how are we doing based on our own past performance.
Self awareness is very important if we want to know whether we are right or wrong.
To me, self awareness is NO 1 if you want to be successful in your life; especially investing life.
DeleteLike:
We all can't know where the market is going; but we will know where the market is after it has gone to either one extremes. The question is do we chickened out at one extreme and too piggy at the other? To me the real reason market timing don't work is we are chickened and piggy at the wrong time.