Psychology #100 - Buy Low/Sell High & 5 Extras
But it's going sideway! When is low, low enough and high, too late!
Hey there, fellow investors!
We all faced this problem
How many times have you heard the age-old advice, "Buy low, sell high"? It sounds simple enough? Yet, time and time again, I've watched even the savviest investors do exactly the opposite. They buy high in a frenzy of excitement and sell low in a panic. If this sounds familiar, you're not alone. In fact, this common pitfall has cost investors billions over the years.
But here's the thing: if you keep following the herd, you're setting yourself up for financial heartbreak.
Let me tell you. Imagine watching your portfolio shrink by 50% because you couldn't resist buying that "hot stock" at its peak. Picture the gut-wrenching feeling of selling your investments at rock-bottom prices, only to see them skyrocket months later. How would it feel to realize you've been working against yourself, sabotaging your own financial future?
The harsh reality is that if you don't master The Art of Buying Low and Selling High, you're leaving money on the table. Worse, you're actively giving your hard-earned cash to those who have figured it out. In today's volatile market, can you really afford to keep making these costly mistakes?
But don't despair! After 30 years in the game and billions in profits for funds, I've cracked the code on how to truly buy low and sell high. The secret? It's all in your head.