Thursday, November 10, 2005

Musings, ramblings and thoughts...

I was thinking yesterday about the effects of speculating on the human mind. Speculating can take an emotional toll on the human due to the fact that the human can go back at a point in time to see how they would have performed if they had only held on to their stock. They make a decision to never let that happen again. So, they hold on to too long and get killed the next time. The idea is simple. Take money out of the markets. Let your winners fly and kill your losers - fast. This is a messy business and if you are concerned that your accountant will wonder why all the trades then you are doing it for the wrong reasons.

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