I have never had a shortage of courage in my career, which some people confuse with bravado. Never feels good when you push the buy button. Takes some courage to buy the market down 1,000 points. We had some 1,000-point down days in the Dow last week. And even if you have the capital, and you have the conviction, working up the courage can be tough. Oftentimes, these opportunities happen when things look really bad. Our four-member expert panel has decades of China experience to provide the insights you need. How can we position our portfolios for maximum gain? What’s China’s strategy for victory? What’s ours? When I have conviction on a trade, I feel like I must act. But conviction is necessary to get comfortable with a trade, which will help you size it appropriately. Just because you have conviction on a trade doesn’t mean you are right. Although there is such a thing as knowing too much. The more you know about something, the better you feel about it, and the more comfortable you are. There is one easy way to get more conviction on something: do a lot of research on it.
Again and again, markets go up, people chase performance, and feel the need to be fully invested… on the highs.Ĭonviction is how sure you are on a trade. People never, ever learn this lesson, no matter how many times they get burned. But people forget about the option value of cash, the idea that cash is a big pile of possibilities, and it allows you to buy things cheaper in the future. This time around, like most times, everyone was fully invested on the highs.Ĭash yields nothing, so people were very scornful of cash, considering it a drag on performance. On-site session limited behavior tracking Stores the visitor's last five pages viewed Unique device identification and statistics
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