Addressing My Friend's Problem : She Dare Not Sell
Guess where we are ? I have to be honest – I have no idea !
I wish I knew too but a friend just called me to ask me why she does not have the guts to sell and that many people she knows sold only to buy back the same stock at a higher price !
Because THEY ARE AFRAID THEY ARE MISSING OUT ON A 3 YEAR RALLY !
Yes. It will rally hard and non stop for 3 years ! Tell that to a MONKEY !
Are we the only rational people in the world ? Absolutely NOT because if we were rational, then we would be in the heart of the rally, having rationalised the “irrationality” of the rally.
The most important part of the picture above is the FEAR and GREED bit, to understand yourself and your investment decision, forgetting the rest of the world out there, especially ChannelNews, BT, ST, CNBC and gang.
And finally, departing with the other picture from 3 years back.
And the link to what I wrote then – not bad calls, I must say ! https://tradehaven.net/market/that-turncoat-feeling-trading-psyche/