The dark art of selling is, for me, the most difficult to master.
Picking trends and stocks for me is not exceptionally difficult, but selling at an opportune time is challenging.
In my opinion, the most useful exercise anyone can undertake is to review past trading in order to see where there is room for improvement.
In my case, I have found that I spook a bit too easily when I have unrealized profits even when I am certain that an upward direction will continue.
My strategy, therefore, for this leg of the metal orgy, is to hold on, not sell early, take the inevitable bumps on the road with equanimity for the next 2-3 years, then sell.
Unless, of course, Bernanke raises interest rates, which will absolutely, positively end the gold and silver bubble. The prospects of that happening are presently next to nil. |
