Quote:
Originally Posted by mgmlive
Mentally, you can't win this one. If you sold for a loss, you'd be saying - I should have stayed away from stocks. If you got out break-even, you'd be saying - why didn't I hold longer. If you were up $200K and the stock went down, you would be saying - I should have sold earlier. And in your case, you doubled your money but now wish you had staying in longer. The only way that a trader would feel accomplished is selling for a profit and watching the stock go down right after.
We just have to train our brains to look at the overall trade as success after taking a profit.
I guess the question is, how much money do you need/want per year in order to keep the semi retired lifestyle going?
Thanks man. I need to hear that. It’s fupking me up a bit seeing it. I knew it it wd hit $5, but didn’t leave it in. That’s what’s frustrating.
I remember once I had enough in there to pay off the house, I called my dad for sm advice. He kind of pushed me in the direction of selling.
Oh well, cd hv been living large, but instead trying not to bust my liferoll. U wd never know what this does to my brain. All this torture seems standard. Shd hv know I wd double bubble the satty.
#PittyParty #ChinUp
So how much do I neeed to feel comfortable semi retired?
I wd say after I get a vehicle, 10k wd b comfortable for me. Then just play enough to make $1k a month for expenses... save the rest.
For now, we r goin to def need a vehicle. Truck is creeping up on 245,000 miles and check engine light still remains on.