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To: edamo who wrote (7022)4/28/2000 10:41:00 AM
From: Seldom_Blue  Read Replies (2) | Respond to of 8096
 
sb..."always afraid if i sell, i'd miss a run"

repeat my comment on typical investor? psychology...

"more afraid of loss of opportunity, then loss of accrued wealth"


I knew when I wrote that I would open myself up for some comments :-)

In all honesty, I knew that was my problem. Except for those who have gone through it thousands of times and years of yo-yo markets, that is how everyone feels. I would like to think I control my emotion much better than most. But I am not immune.

That is why if I feel myself cave in to some hot temptation that is the flavor of the day, that is usually a sign that the momentum is at the end.

I agree with you that preservation of capital is more important. I would also suggest that some of us like to take a bit of money to gamble(yes, you all know who you are) a bit. But I always make sure what I use does not exceed about 5% of my portfolio. Those are the first things I will sell if I sense disaster.

It is good to have someone like you to constantly remind people that the investing game is about "accrued wealth", not about "possibly lost opportunity".

Seldom Blue