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Replying to agip (post #55206). View original post.

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Replying To:

Down goes the Dow

agip

carmine9 wrote:

agip wrote:

the thing is this. In moments of high fear and greed the stock market becomes a meter of investor's minds. Toss out discounted cash flow, earnings predictions, etc. It's just a meter of mob hysteria. Since humans are very very social critters, we tend to all think the same thing at the same time. So thousands or more people felt the same panic you felt, at exactly the same moment and sold hard.

The only cure to this is to consume less or zero business news. The more you read and hear stock market news the worse your returns will be. Watching a stock tick by tick is very bad for your stomach. And investors need a strong stomach.

Your social nature makes you extremely receptive to news that inspire greed and fear, and it happens the same time as everyone else at extreme moments of fear.

I totally disagree.

if many felt the same fear as me, the sell off would continue and I would have made the right move by selling sooner rather than later.

I view the market more as an entity being manipulated by insiders and big players who can create fear and drive the market down and then scoop up assets on the cheap.

The game is to to guess what they are up to.

I do agree that I am not very risk tolerant, have a hard time taking the long view when I am losing so much money pretty much daily

well of course you feel that.

so tell me....what made you sell impulsively yesterday? What was it?

Back to this thread.