I'm watching the water Watching the coast Suddenly I know What I want the most […] -- Tom Petty & the Heartbreakers [Something Good Coming] We all have so much unproductive and unhealthy internal chatter going on that it clouds our true desires and values. We become lost. We lack direction. We don’t know what to do.
I know exactly what you mean Mike as I have the same 'issues'.
I am very good at defense plays now, each time I buy a stock, I'm hoping it will fly but then I realise it will be one of the 60% or more that will lose. It is tough on the psychology.
The one thing that gives a bit of comfort is that when I run my system backtest (just to see how it is comparing against my actual) it is also showing the longest drawdown in 25 years.
It seems strange as the market in Australia touched highs during the week.
The market here is driven by a few large cap stocks, CBA being by far the biggest. The worlds most expensive bank (fundamentally).
Australia's market it split between banking and mining and a few large medical.
So, my system is not invested in those areas.
I know it's just a case of pulling out the weeds in the portfolio and letting the flowers grow.
For every 3 I plant, 2 will need to be removed.
Think positive and keep repeating a tested process is all we can do.
Doing our best and trusting that is enough brings an inner peace that most of us long for (deep down). Thoughts such as, "the pro's have the real secrets" and unwillingness to experience all of our feelings, I think, are mostly what keeps us from living in this state.
Powerful Michael! Thank you for sharing what so many of us think and don't tell the world. Please share your victories over the negative thinking when you get a chance.
I know exactly what you mean Mike as I have the same 'issues'.
I am very good at defense plays now, each time I buy a stock, I'm hoping it will fly but then I realise it will be one of the 60% or more that will lose. It is tough on the psychology.
The one thing that gives a bit of comfort is that when I run my system backtest (just to see how it is comparing against my actual) it is also showing the longest drawdown in 25 years.
It seems strange as the market in Australia touched highs during the week.
The market here is driven by a few large cap stocks, CBA being by far the biggest. The worlds most expensive bank (fundamentally).
Australia's market it split between banking and mining and a few large medical.
So, my system is not invested in those areas.
I know it's just a case of pulling out the weeds in the portfolio and letting the flowers grow.
For every 3 I plant, 2 will need to be removed.
Think positive and keep repeating a tested process is all we can do.
Regards
Neil
Doing our best and trusting that is enough brings an inner peace that most of us long for (deep down). Thoughts such as, "the pro's have the real secrets" and unwillingness to experience all of our feelings, I think, are mostly what keeps us from living in this state.
Wow! Very empowering! Thank you for posting this!
🤘🏼
Powerful Michael! Thank you for sharing what so many of us think and don't tell the world. Please share your victories over the negative thinking when you get a chance.
Will do, sir! I've got a long list.