So, who else goes into internal doom mode after price drops?
By
Another_Fan,
Posted on: 2012-08-23 14:37 in The Market and Inventions
Bear markets are just as good as bull markets for making profit if you know how to do it. You just have to get over the paradigm shift.
From the Ferengi rules of Acquisition
Rule #9 Opportunity plus instinct equals profit.
Rule #10 Greed is eternal.
Rule #13 Anything worth doing is worth doing for money.
Rule #34 War is good for business.
Rule #35 Peace is good for business.
YMMV
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
Quote:
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Originally Posted by Miladys_Knight
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I'm sorry. Would you mind repeating that in a lower register?
Quote:
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Originally Posted by Miladys_Knight
Bear markets are just as good as bull markets for making profit if you know how to do it. You just have to get over the paradigm shift.
From the Ferengi rules of Acquisition Rule #9 Opportunity plus instinct equals profit. Rule #10 Greed is eternal. Rule #13 Anything worth doing is worth doing for money. Rule #34 War is good for business. Rule #35 Peace is good for business. YMMV |
-Insanity is doing the same thing over and over again and expecting different results. - Albert Einstein.
-I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use. - Galileo Galilei
-When injustice becomes law, resistance becomes duty. - Thomas Jefferson
Hindsight is 20/20
Man, when he said "Hindsight is 20/20", I should have said......
Paragon City Search And Rescue
The Mentor Project
Every time the purple market plummets I become horribly torn between ceasing all investments until it picks back up and investing even more heavily in order to grab pieces on the super-cheap for higher profit flipping margins at a later point in time.
The problem is that not only am I a greedy capitalist, I also love instant gratification (or as close to it as I can reasonably get.) So, when I see those price drops, my gag reflex is to cease all purple investments until the market gets back to a profitable range and inspires comfortable investment. On the flip side (see what I did there?) after these crashes happen and prices pick back up, I inevitably end up kicking myself for not buying super cheap when I could.
#SuperVillainProblems, amirite?