The Daily Note - Winds of Change, Again

Right now I am just about to pull the plug.. everything except my life, which will happily continue. I always feel this way when I need to look at what I need to let go. It's a bit of a shaky feeling when one decides to change. Location, outlook, life, plans, seem to flash in front of eyes many of which beckon not to be forgotten. But change cannot happen with a filled up life, it can only happen when there is room for it. So, something has to be let go for something new to be welcomed. As often said, when life closes a window, look for a door to open. But too often we let life force that change upon us after giving numerous opportunities to plan it, and execute it ourselves.

In my opinion it's best to change when the thought first occurs, not when life forces make it happen. So, sometimes we have to close the window ourselves in order to walk through a door.

Think of it this way. You're comfortable trading, holding your positions, even nursing them to health and watch them grow. Once grown, you cannot let go, for one reason or another, you tell yourself to hang on a little bit longer, the market will continue, the market will deliver your best plan, even though you know that the winds of change are blowing and soon may try to blow down your well built brick house, you hope that yours will be spared. Then it hits and you stand there bricks around your ankles. (wolves are everywhere aren't they alfa lobo?) Your positions blown away and you are left to do triage on your portfolio deciding which positions will be spared for nursing back from near death, if you're lucky and if you are a hands-on investor / trader.

I've been there and done that twice and I've seen it happen often, preparing taxes for clients and seen the carnage of many a brick house. I am glad I will not witness it this year, since I no longer do tax service, but I don't sleep well for the world when things are so much manipulated because I know that many brick houses will become dust, again. It is why I strongly advocate studying the markets, not just learning about how to invest. In my opinion, the best way to manage your investments, is to do it yourself, the worst way is to let someone else, possibly as or more incompetent to do it for you. With all the information available today, it doesn't take a much to find excellent help.



Happy Trading, Living and Dancing
Anni



The Daily Pick - DJIA


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