Thursday, July 27, 2006

Take action versus quit. Which is more important?

In my opinion, quit or exit strategy is more important than taking action. This applies to all scenarios with zero sum effect plus win-lose outcome.

Stock market analysts very often said that most retail investors lost because they do not have an exit strategy.

The toughest part is balancing time as your most important asset and protecting or preserving your capital. If you over leverage you risk losing your capital. If you over protect your money you risk losing out on time.

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