Saturday, August 2, 2014
Who Wants to be a Millionaire?-11th Febuary 2014- Chris Tarrants Final A...
Stock market is a bit like a popular quiz show of Who Wants to be a Millionaire? You started with simple questions, small wins. As the questions progress, stakes are getting higher. Getting it wrong would cost the contestant to be wiped out completely.
In this final episode of the show, it was mentioned that over a period of time of 15 years, there were 1,200 people wasted 64 millions while 5 people went on and won the 1 million prize.
Each of us who stay in the market faces with unfamiliar questions. Unfamiliar possible answers. The question was always asked : what is your final answer?
The recent sharp market dropped left with many scratching their heads: Is this the end? Yes or No? What is your final answer?
Hanging on to positions to maximize profits at lower entry price is a good strategy but committing new funds to buy may not be a wise thing to do. This is my final answer.
Posted by Turtleinvestor at 11:40 PM