Quote:
Originally Posted by DoubleK
I couldn't agree with this more. I had a hard time believing how strong the pull of FOMO was for me. It took a few poor decisions for me to get a handle on it. The only thing that saved my bacon is how I approach a new table game at the casino, bet small until I get comfortable with the game and still don't bet any more than I can stand to lose.
Next up is figuring out how much cash to keep to the side if a buying opportunity comes up.
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best two tips I got
Buying - If I had $5 trillion dollars, would I buy this company outright?
Selling - Why am I selling this? Is there something I can move my money into that will perform better?
In the last 10-12 years, it is rare that Cash out performs anything long term. So you're better off be invested in something, and if something better comes along, move into that.