I really like this. Simple and to the point. I get too caught up in my emotions with the market. This is a simple framework I have the knowledge and time to get behind. If I follow the signals versus just letting it sit there, I come out $25k on top in this scenario. Makes perfect sense. Am I missing something here or is this something I wish I found a long time ago?
Hey Wes, thanks for weighing in. We could have written the PLTR story about any number of technology stocks that have gotten beaten up. The key is to have a strategy so you can act without emotion. Nobody wants to sell a winner, especially if it means paying short term capital gains tax and wiping out 40% of the gain, but remember, you are paying the tax with proceeds that the market created. It's like using house money. The DynaLogic sell signals are always a relatively small percentage so no one trade should cause anxiety. Perhaps PLTR is now on another upswing, Let Risk Off take you on a more enjoyable journey this time. This time, Just do Something!
I really like this. Simple and to the point. I get too caught up in my emotions with the market. This is a simple framework I have the knowledge and time to get behind. If I follow the signals versus just letting it sit there, I come out $25k on top in this scenario. Makes perfect sense. Am I missing something here or is this something I wish I found a long time ago?
Hey Wes, thanks for weighing in. We could have written the PLTR story about any number of technology stocks that have gotten beaten up. The key is to have a strategy so you can act without emotion. Nobody wants to sell a winner, especially if it means paying short term capital gains tax and wiping out 40% of the gain, but remember, you are paying the tax with proceeds that the market created. It's like using house money. The DynaLogic sell signals are always a relatively small percentage so no one trade should cause anxiety. Perhaps PLTR is now on another upswing, Let Risk Off take you on a more enjoyable journey this time. This time, Just do Something!