If you have been battered around the markets for decades then I guess not much an old warhorse such I help you with. But lets say you may have only been battered for a couple say two less than me, could I offer you anything?
For me it has been exactly as you see below, perhaps just luck perhaps not, but I can tell you that if AVB was go to zero tomorrow it would have no material effect on me. I only say this because it was the sitting tight on what would have been seen at the time as much less attractive punts than this one, which I guess allowed me to practice sitting on my hands more.
Mind you nothing changes a dog, and if that is YOUR view get out fast and go sit tight on something that excites you..
MINYANVILLE ORIGINAL Famed investor/trader Jesse Livermore once said that it was his “sitting tight… that made him the most money.” It’s not easy to sit tight. It’s doubly difficult when you have excellent profits and the general market is wavering in a less than stellar earnings season laced with continuing world concerns. I mean, seriously, sitting tight through all these worries is worse than being tied to a stake, smeared with honey, and subjected to an attack by Texas fire ants. It’s not easy. So should you be sitting tight?
Read more: http://www.minyanville.com/trading-and-investing/currencies/articles/currencies-255ERUT-255EGSPC-255ENDX-SPY-Russell/7/27/2012/id/42770#ixzz2S7yxl3qT
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