Rul Du Jour: #15 Desperation Means Danger! (Patreon)
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This one is inspired by community member #CountCoinula
Rule Du Jour #15: #15 Desperation Means Danger! aka The Stoic Investor's Advantage
"In turbulent markets, calm is your greatest asset."
Stay composed when others panic.
Remember:
Desperation breeds costly mistakes
Wealth accumulates gradually, not overnight
Market seasonality is key, do not turn up late to the party and if you do - do NOT YOLO in!
Patience always outperforms impulsive action. Rem I am about 9% cash, am I desperate to blow it? No, I will wait for the right time and I also fine being 9% cash given my much Leverage is in my accounts.
Embrace stoicism in your investing approach. Let others act on emotion while you act on reason. Your portfolio will thank you in the long run.
Check out our free substack - The Stoic Trader
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