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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST
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To: average joe who wrote (66740)10/2/2010 3:35:47 AM
From: energyplay  Read Replies (1) of 217975
 
>>> Stick to what you know and feel comfortable doing <<<

I think we need to periodically expand what we know and feel comfortable doing.

I was uncomfortable the first dozen times I shorted stocks. That was in 1999. I also lost a little money. I made some good money shorting after the first week of April 2000.

If I had become a little more comfortable shorting about a year earlier, I could have started shorting earlier in April and gone much bigger, and held longer before I covered.

Same with buying Canadian Energy trusts, Oil sands, and later Uranium stocks (Tommaso set a good example on the last two).

Buying gold coins felt weird too.

And we now know the the people who bet against the housing bubble with credit default swaps felt they were doing something strange too.
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