MB. I wanted your advice on trading methodogy, investing psychology and discipline.
Not to brag, but I've achieved a low triple digit YTD % return and have decided to exit all of my positions. I wanted to know what you would do if you had a positive "outlier" year? Can too much success be a bad thing?
Background: To achieve my results, I have taken on way too much risk, utilized too much margin, and have spent the majority of my free time researching stocks -- not to mention too much time at work (thereby getting a low ROT ratio - return on time, and possibly hurting my employability).
I think my results have biased my stock selection... as I seek riskier and riskier stocks to get more "action"... in any event, I'm trying to step back and refocus my investment strategy, yet I'm still bullish about the market and fear that I will miss out on additional gains..
In any event, I'm curious to know if you've ever stepped out the market, not because of your take on the market, but based on your investing frame of mind?
I'll probably buy an index or put some money in a mutual fund to beat out the money market returns, but I miss the active stock selection (from a hobby and profit point of view). I intend to return to active stock selection at some point, but I wanted to get your advice.
Thanks in advance.
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BTW. Can you prove that you're not a 15 year old stock manipulator? |
