>>60840925
>there are strategies to buy back in if you see the trend reversing
timing the market doesn't work out for 80% of traders; thinking that you're special is statistically not going to work out for you or anyone else.

it also adds a bunch of stress to your life. You're constantly asking if you should sell or buy and constantly watching your portfolio. It's not healthy. I know from experience.

the whole point of behavioral economics is learning how the truths we learn in an economics textbook collide with our monkey brains to shape our economic reality.

so to maximize your returns you need to set rules for yourself that prevent your monkey brain from investing in dogshit, buying high and selling low, and chasing losses.

>Can you name 5 companies right now that are guaranteed to not go bankrupt and you know will go up 100% within five years
what's this about "know will go up 100%"? What I said is "practically guarantees that none will go to zero". You should try to win the argument without moving the goalposts to the other side of the planet.

>>60789748
Well I didn't tell you about all my investments that crabbed or went to zero.

However, because I never invested more than 5% of my net worth in anything, the investments that crabbed or went to zero didn't wipe me out.

But the flip side of risk management is that when you hit a 100x, you don't 100x your net worth, because you only invested 5% of it.