Quote:
Originally Posted by Cowperson
If you are wringing your hands or lying awake at night staring at the ceiling then you should revaluate your risk tolerance and adjust your asset mix to something less exciting.
Managing your emotions is job one. Once you've figured out what you can tolerate in a worst case scenario, then the investment decisions will flow a lot easier. Make your life as exciting or as boring as you need it to be to be happy.
Or keep squealing like a little girl everytime somebody coughs on the other side of the world.
Cowperson
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You are completely right about that. That is the number 1 rule. I never lose sleep over this.I want to move to Florida just so I can get a couple more hours of sleep before the bell rings. I get upset, learn from my trade and move on. Regardless if I lose 10% or make 10%.