Comments on: The decision to not act http://www.onemint.com/2009/06/16/the-decision-to-not-act/ Helps You Make Better Financial Decisions Thu, 09 Sep 2010 08:01:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Forex http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-40276 Forex Mon, 19 Oct 2009 22:08:38 +0000 http://www.onemint.com/?p=2028#comment-40276 Greed: When I am sitting on a big profit, my thoughts have nothing to do with booking that profit, instead, I day dream about how much further it will grow. When it’s a thousand, I think it’s only a matter of time till it goes to a couple of thousand, and then I will act. When it reaches two thousand, I wait till three and so on - so r so right.. greed makes most of us blimd Greed: When I am sitting on a big profit, my thoughts have nothing to do with booking that profit, instead, I day dream about how much further it will grow. When it’s a thousand, I think it’s only a matter of time till it goes to a couple of thousand, and then I will act. When it reaches two thousand, I wait till three and so on – so r so right.. greed makes most of us blimd

]]> By: Personal Finance News Carnival Volume 6 | Peak Personal Finance http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-27152 Personal Finance News Carnival Volume 6 | Peak Personal Finance Thu, 13 Aug 2009 19:11:05 +0000 http://www.onemint.com/?p=2028#comment-27152 [...] presents The decision to not act posted at OneMint, saying, “If you have a profit, that profit is yours. It does not belong to [...] [...] presents The decision to not act posted at OneMint, saying, “If you have a profit, that profit is yours. It does not belong to [...]

]]> By: Manshu http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-23824 Manshu Thu, 09 Jul 2009 01:02:15 +0000 http://www.onemint.com/?p=2028#comment-23824 @RK: Yeah, I have found it really really difficult to sell under a loss. The only exception to that is when I know for sure I have made a mistake or a scandal breaks out. Other than that, its really hard to decide that you want to sell. @RK: Yeah, I have found it really really difficult to sell under a loss. The only exception to that is when I know for sure I have made a mistake or a scandal breaks out. Other than that, its really hard to decide that you want to sell.

]]> By: thedumbinvestor http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-23774 thedumbinvestor Wed, 08 Jul 2009 14:52:45 +0000 http://www.onemint.com/?p=2028#comment-23774 Deciding when to sell is more difficult than deciding when to buy and I guess everyone employ a strategy that they are comfortable with and I don't think we can say one is right and the other is wrong. RK http://thedumbinvestor.blogspot.com Deciding when to sell is more difficult than deciding when to buy and I guess everyone employ a strategy that they are comfortable with and I don’t think we can say one is right and the other is wrong.

RK
http://thedumbinvestor.blogspot.com

]]> By: Independent Beginnings http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-22961 Independent Beginnings Mon, 29 Jun 2009 13:32:37 +0000 http://www.onemint.com/?p=2028#comment-22961 <strong>The Carnival of Twenty Something Finances: 6-29-09...</strong> // Welcome to the June 29, 2009 edition of Twenty Something Finances.  In this carnival, you will find the best personal finance articles for young adults!  Make sure to check out each of the articles and, if you enjoy the carnival, make sure... The Carnival of Twenty Something Finances: 6-29-09…

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Welcome to the June 29, 2009 edition of Twenty Something Finances.  In this carnival, you will find the best personal finance articles for young adults!  Make sure to check out each of the articles and, if you enjoy the carnival, make sure…

]]> By: Financial Highway http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-22266 Financial Highway Tue, 23 Jun 2009 07:28:07 +0000 http://www.onemint.com/?p=2028#comment-22266 <strong>Festival Of Frugality- Honeymoon Destination Edition...</strong> Welcome to Financial Highway! If this is your first time in here look around the blog and subscribe to FH, you can start by learning a little about me. Make sure you get a chance to visit our Free Prizes section to find out about our May special prize ... Festival Of Frugality- Honeymoon Destination Edition…

Welcome to Financial Highway! If this is your first time in here look around the blog and subscribe to FH, you can start by learning a little about me. Make sure you get a chance to visit our Free Prizes section to find out about our May special prize …

]]> By: Mark Wolfinger http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-21676 Mark Wolfinger Tue, 16 Jun 2009 16:40:22 +0000 http://www.onemint.com/?p=2028#comment-21676 When you own stocks, profits are potentially unlimited. That's one reason why it's so difficult to exit (or partially exit) a winning trade. The lure of the huge gain is difficult to ignore. And as ctreit points out, the big money does not come from booking small profits. But when trading options, my recommended strategies involve limited profits. When you've earned 80% (for example) of the maximum, it's often foolish to hold, waiting for that last 20%. But, neither of these points relates to the quote: When you own a position, if you do nothing today - that's an investment <i>decision</i>. It's reaching the conclusion that - at today's prices - continuing to own the trade is a smart idea. You can sell, but you choose not to do so. That 'hold' decision is taking action - even though most investors consider it as 'doing nothing.' When you own stocks, profits are potentially unlimited. That’s one reason why it’s so difficult to exit (or partially exit) a winning trade. The lure of the huge gain is difficult to ignore. And as ctreit points out, the big money does not come from booking small profits.

But when trading options, my recommended strategies involve limited profits. When you’ve earned 80% (for example) of the maximum, it’s often foolish to hold, waiting for that last 20%.

But, neither of these points relates to the quote: When you own a position, if you do nothing today – that’s an investment decision. It’s reaching the conclusion that – at today’s prices – continuing to own the trade is a smart idea. You can sell, but you choose not to do so. That ‘hold’ decision is taking action – even though most investors consider it as ‘doing nothing.’

]]> By: ctreit http://www.onemint.com/2009/06/16/the-decision-to-not-act/comment-page-1/#comment-21662 ctreit Tue, 16 Jun 2009 09:45:38 +0000 http://www.onemint.com/?p=2028#comment-21662 Cutting profits and letting losses run is usually the biggest problem for most investors for a number od reasons. Successful traders and investors pick losers probably as often as they pick winners, but when they make money they make real money to easily make up for the losses. Cutting profits and letting losses run is usually the biggest problem for most investors for a number od reasons. Successful traders and investors pick losers probably as often as they pick winners, but when they make money they make real money to easily make up for the losses.

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