Ok, let me put the 2 instances where I experienced real "Ahaa..."...
The moment I made my largest loss ever (This was several years ago in stocks) was an "Aha" moment...At this moment, I told myself, so this is how people really lose money in the markets, so if I don't do this once again, I would be fine preserving my capital...
The second "Aha" was the moment I made my largest win ever..At this moment, I told myself, so this is how people manage to make BIG money out of the markets, so if I can do this several times, I would be fine growing my account...
Since then, I always almost, Cut my losses short & ride profits, both aggressively...
Thanks,
Nader
The moment I made my largest loss ever (This was several years ago in stocks) was an "Aha" moment...At this moment, I told myself, so this is how people really lose money in the markets, so if I don't do this once again, I would be fine preserving my capital...
The second "Aha" was the moment I made my largest win ever..At this moment, I told myself, so this is how people manage to make BIG money out of the markets, so if I can do this several times, I would be fine growing my account...
Since then, I always almost, Cut my losses short & ride profits, both aggressively...
Thanks,
Nader