Wrong, Dumb, Stupid.

[tech/a]

Please explain!
.

IFocus is talking of serious loss and its consequences.
like 50% of your wealth thats taken 30 yrs to build.

Some people have trouble with far less.
Everyone would have trouble if whipped out.
Some recover others never do.

Trick is to avoid situations in which you have little or no control.

 

[So_Cynical]

Please explain!

@ SoCynical, that's a great realization. What about tuning into your intuition, it's much smarter than the intellect. I try to never make big life decisions using the intellect. With trading I use a small part intellect, the rest is gut feel.

Now that im free of all life's BS, trying to maintain a flawed relationship and meet others expectations etc....ive found that what i always thought was right, cos i always thought id be good at this stock market stuff and now that its just me and my money and no BS i find that i am right...but still like to throw up the "i know nothing" mantra.

Today i took a small average down into SGH only to see it drop another 3 cents so had to say "i know nothing" cos i didn't see it trading lower but then i never do...blah blah blah...just keep buying the bottoms, blah blah blah.... that's the other mantra.

 

[Ves]

Bump - turns out that I am human too and definitely make investing mistakes. But I'm still alive and in the game more than ever.

 

[VSntchr]

Creeping through Craft's profile I found this thread. A great read and was very timely for me.

He may not be around to read my response, but thanks Craft

 

[Ves]

Creeping through Craft's profile I found this thread.

So I'm not the only one who digs up old posts?

I'm actually in the process of making my own archive.... notes from books, forum posts, anything that I can derive knowledge from.... if only as a reminder when you need to clear your head or be inspired.

Not just investments either, any subject. I wish I had done this 10 years ago. It would literally be a very good database by now. For some reason I thought drawing on your memory and not having to look things up was a bigger sign of intelligence, a mistake of a young ego. Dead wrong in hindsight.

I was surprised to read how many famous / highly intelligent people have their own commonplace books or note systems, both now and all through history.

I use evernote as a cloud database and sort the notes into topics (still nutting this out).

This guy explains the concept better than me:

http://www.ryanholiday.net/the-note...ing-organizing-and-using-everything-you-read/

http://thoughtcatalog.com/ryan-holiday/2013/08/how-and-why-to-keep-a-commonplace-book/

The rest of his blog from 2007 til today is a really good resource actually. Lots of wisdom from someone so young.