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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (4097)3/25/2001 4:07:07 PM
From: minorejoy2000  Read Replies (1) of 52237
 
Don, I think many would identify with a natural difficulty in accepting losses, rather than view the problem as originating from greed. Generally, a person making $100K a year but knowing a salary cut is imminent is less happy (in regard to this) than someone making 30K but knowing his salary is increasing. It's not a matter of how much, but how things are changing--whether things are looking up or down. If I expected the market to double my net worth by next year, I might be disappointed to learn the opportunity is no longer what I thought it was, but it wouldn't be hard to adjust to that reality. But cut my net worth in half, and I'm faced with a more difficult psychological adjustment as actual losses (money, loved ones, etc.) are harder to accept than lost opportunity.
My respectful opinion only.
M
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