Quote:
Originally Posted by WSSix
Hell, I'm stoked that I may be able to pick up some T come Monday while it's down 3 something percent from when I purchased. In the end it won't matter but dropping my average cost down a wee bit sure does make me feel like I'm doing something fantastic, lol.
Thanks for the continued insight and pep talks, Greg.
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Most of the little things - like buying on a dip - or averaging down etc are not really about making a pile of money.... it's mostly about how we feel. We are human and we can't take the feelings out of investing so we might as well acknowledge them. Beating the day makes a guy feel smart... selling for a gain
is euphoria... FEAR is the one we have to contain and manage. You'll experience fear when you're not invested correctly. By that I mean - when you've gambled and it's going against you... or when you've invested too much cash and you really had a need for that money and now the market it against you. We generally cause our own fear situations.
I always keep cash. It makes me feel good/secure. It's my pile that says to me - Dude! If there's a big drop in the market... I'm ready to buy. Many times I don't ever buy - or buy just a little... but it's the comfort that line of thinking gives me. So I acknowledge it and use it to my advantage.