I've been stuck in some really bad trades for some time and I've noticed that I actually have no problem being in those trades for one or two years. Meanwhile, when I'm ever in a trade that so much as starts showing a profit of one or two percent, rare as that may be, I start getting anxious and want to get out.
Most people probably want their money to be fast and easy.
So what am I doing here being in bad trades for one or two years? It's like sometimes I'm thinking a bad trade is better than no trade. But no. I've got to become faster, more proactive, and more accurate.
I think turning a bad trade into a good one involves using cost-averaging and stringent money management more effectively.
I've never been very good at math and like to make decisions slowly, but thankfully, there's Excel, which I am admittedly pretty good at.
I am therefore considering placing a time limit on my trades. No more procrastination. But since I'm so good at doing the whole all talk and no action thing, I might still occasionally contradict myself a bit.
But more ABK? Thanks, but no thanks on that bridge to nowhere.
I do not on any level support Sarah Palin, but that quote was just too fun to resist.
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