No time limit

March 10, 2009 – 11:18 am

If you are down money, one of the most important things to remember is that there IS NO TIME LIMIT.

You don’t have to get back to even tomorrow.  You don’t have to be back to your high water mark by the end of the year.

Time is an illusion.  There is no time limit, and now is NOT the time to be upping your bets “trying to get it back”.

Chip away slowly.  Build confidence.  Sleep well.

Position down when down, press up when up.  It works.

  • oddthink
    Yeah, thanks Andy... I needed this reminder. Thanks for posting this. Last year created some craziness in my trading...and I need to go forward SLOWLY. Goodtrading.
  • Nice advice, btw.
  • Off topic, but did you see this shinola?

    http://www.foxbusiness.com/video-search/m/21948...
  • berndt
    Thanks I needed that..really
  • ralhan
    really smart thing. I have lost so many times going large when down and thinning quick when up...thanks to tell me I am not alone
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