Learning to Let Go
Did we really believe the markets would go straight up forever? In investors' minds, was there ever a chance the markets could have a couple of down days? Of course not. But when your portfolio is one-sided and you enter the fray toward the end of a nice run, well, any down session is likely to give you an upset stomach.
As I've mentioned here many times, there are a million reasons to sell but there's only one reason to buy. Perhaps the excuse you needed was the release of those Federal Reserve minutes Wednesday, or some other news that hit on that day or the next. I can tell you this much -- if you did unload, you probably missed your chance to make nice gains Friday....326 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.