2020 BRN Discussion, page-13818

You said in a now deletedpost “Losing 6 figures on Intiger was mere pocket money to me.”

We are afraid to take aloss because it affects our ego. The objective of money management is to eliminate large losses and to try to hang onto the largest profits. If it is that simple why can’t everyone do it? Because of the psychology of investment which includes fear, greed, avoiding regret and ego.

Investing is the executionof buying and selling strategies, including money management. Managing investments through to selling is far more important than finding good shares. Analysis is only one part, and not the most important part. Simplify analysis and focus on portfolio management, money management and the psychology of investment decision-making.

The buying decision doesnot guarantee we will make profits. It is what we do after that counts most.Serial decision-making because each day new information comes along so assess and decide whether to sell some, or all, buy more, or hold. Deciding to do nothing is a decision.

Winners are alwaysevaluating what they do.