We turn three.
You know it, and I know it…
… that this year’s been a slow going.
Sometimes, life is slow.
Such junctures are great times to recuperate and consolidate.
Inaction is big in the markets.
Very few know how to be inactive – and stay sane.
Those who do – well – they make big bucks when it’s time for action.
That’s only if they haven’t gotten rusty and lazy by then.
Yeah, inaction is an art.
In the markets, it is at least equal in importance to – action.
So, for the most part of the year that’s gone by, my market activity’s been practically zilch.
It’s not that I’ve been sitting and twiddling my thumbs. No! For heaven’s sake! Of course I’ve been doing other stuff.
Inaction in the markets must be coupled with action elsewhere, if one plans to stay sane, that is.
Also, inaction in the markets leads to preservation of capital. That, what you made during active times, remains safe, pickled and intact.
Then, when there’s opportunity, you’ve got your whole arsenal to cash in with.
While changing gears, don’t jump out of your seat with your saliva drooling, though.
Have some rules in place for opportunistic action.
I have some basic rules for myself at such junctures. I don’t put more than 10% of my networth on the line, while pursuing an idea. This rule applies for me while changing gears too, more than ever. Also, I don’t pursue more than two ideas at any given point of time. Most of the time, I’m not pursuing any idea, till an idea appears, refuses to break down, and just sticks.
… to hit the sweet-spot…
… when it’s time for action.
Wishing you happiness, safety and profits in whatever market activity you pursue,
Yours sincerely, and just there for you, period,