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The Psychology of Trading, page-41

  1. 371 Posts.
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    My goodness Cato you hold such strong opinions based on your premise as to what you define as investing and what you define as gambling. Woolworth’s went bust in the UK (did not know the name was still trading in Australia) by the way.

    But as you point out, any class,of asset has a risk. Perhaps a fairer more relevant definition for this argument is “time”. If you do your research and invest into a company for the long term, then you are giving the fundamentals behind that decision time to work through. When you day trade you are more at risk from things like sentiment.

    I have seen your posts where through your judicious approach and discipline you have been able to move the odds into your favour and turn a profit. This time you trading strategy fell foul of the market not looking past (in my opinion) the primary endpoint of the trial. By holding my investment (actually increased it), I believe it will more than recover. If it does then I would not consider myself a master of anything. Some of your post comes across as pejorative which is unfortunate as your warnings and advice are worthy of consideration.

    Anyway if you are leaving our little group of investors, I wish you well.
    Best regards
    Yelrom
 
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