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Follow these two rules to preserve and grow capital

  #10 (permalink)

Georgia, US
 
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lax99 View Post
If I thought the market was going to 2000, why risk 5 handles on that? I should have considered buying lower.

Somewhere on the spoos thread, the ever-wise Gary threw some logic at me once that went something like this.

Me: "Hey Gary, I want to buy it at 2000. What do you think?"
Gary: "It's trading 2015 -- if you really think it's going to 2000, why aren't you short?"

It speaks to how I tended to have difficulty going with the flow. If the market's making new lows by the minute, why am I not short? The market is throwing out easy $10 bills. Why am I pushing away a hundred $10 bills, trying to catch the one $100 bill that I think might be coming?

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