I have investigated the discipline of strategy use. Discipline is much more essential than strategy usage; poorly done it upsets the market timing plans of the overwhelming majority of investors, professionals as well as just amateurs.
Iron-clad discipline must be part of each strategy. The reason to buy a security has to be an integral part of the eventual reason to sell. That’s discipline. But it isn’t easy to maintain when you’re a Main Street investor having to contend with media noise.
That consists of the usual panoply of opinions, most of which are broker, “adviser,” or salesmen-oriented. inaccurate or biased. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
No comments:
Post a Comment