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Friday, March 16, 2012 2:39:21 PM
Take this scenario for example. If you wanted, right now you could have a toyota camry. All you have to do is press a button and it's yours. On the other hand if you wait a little longer, there's a very good chance that you could have an aston martin v8 vantage when you press that same button. However, there is the distinct possibility that, if you wait, you may end up with a honda civic. But based on all the research you and others have laid out, you really believe that, if you wait, you will end up with that shiny new aston martin. Which do you choose?
Successful traders have been around the block. They know when to hold them, and they know when to fold them. They understand risk and accept it. Many of us have decided the reward is well worth the risk. I do admit that I am a risk taker by nature and I understand that most are not. But, to me, this is hardly a gamble. IMO
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