Sunday, 12 May 2013
Realized or unrealized losses??? Does it seriously matter??? (2)
Read? Realized or unrealized losses??? Does it seriously matter???
No stop loss!
Is Uncle8888 suffering from loss aversion and disposition effect too?
No stop loss?
If you have a worry problem, do these three things:
1. Ask yourself: “What is the worst that can possibly happen?”
2. Prepare to accept it if you have to.
3. Then calmly proceed to improve on the worst.”
(Carnegie 49)
1. Ask yourself: “What is the worst that can possibly happen?”
Lost 100%
2. Prepare to accept it if you have to.
Only invest those money that is not required over next 3 - 5 years
3. Then calmly proceed to improve on the worst.”
We are seldom right in our stock pick.
So when we are lucky to be right. Be brave. Sit tight and win big!
We must win more XXX% to offset few 100% losses.
Let your winning spirit takeover and huat!
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