LogFAQs > #914645489

lesidesi posted...

if you're interested in a really good read on trader psychology, look up the book "the hour between dog and wolf" by John coates
he's a PhD who was also a trader for years

i will grab it on amazon, thanks

lesidesi posted...

I think you're doing th right thing by not being too much of a trader
unless it's your job and you have a Bloomberg terminal in front of you all day, it's tough to have an edge, and it makes more sense to think longer term

you are right--i just am feeling somewhat depressed right now because what kept me from investing in late 2016/2017 was the belief that the end of QE/start of QT would cause this exact situation and the sitting admin would be too idiotic to do anything about it

turns out i was right but early, and i decided i was wrong at exactly the wrong time. another adage i've heard is "every trade is probably a bad one so make as few as possible if you're not an expert"

should've just stuck to my initial buy in feb 2016.

it hurts more because i control both my and my wife's investments, and while she literally stops listening the moment i mention it, i care about how well i manage her accounts

doesnt impact the day to day of my life, ofc.
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And when the hourglass has run out, eternity asks you about only one thing: whether you have lived in despair or not.