<<It is very tough to stay in market like this and not to loose belief in your own convictions. It does take either extraordinary character strength or some very unique knowledge of the market that other people do not have.
(Would not it also help to have some extra cash. :)>>
Could not have said it better myself. I know it's not "just me"...I know I am not jinxed. But yes, the market does make many lose confidence in their abilities...it makes them question their own decisions. Additionally, yes, cash, in my eyes, has alot to do with keeping the faith. When I had deeper pockets, my emotions never got the best of me. A stock I own going down hard, excited me because it presented more opportunity to make money. I could buy and keep on buying. Now, after this awful year, there just are no funds left. It makes me very emotional over my decisions and makes me worry more about the short term. I have to be careful...I have no choice.
Anyway....have a great day everybody....I'm gonna try and get outside and enjoy the nice weather and not think about this market for a little while. But, lots of decisions need to be made for the short term as I have no idea which way this market is gonna go. If I knew we were going up, I'd buy. If I knew we were going down, I'd sell. If I knew when a bottom was hit, I'd buy. If I knew when a top was hit I'd sell.....since I dont know jack $hit, I dont know what to do<ggg>! |
