>>1094013 This is very true. It will also cloud your judgement.
I forget who said, "I've never bought the bottom and never sold the top," but it was a very rich and successful investor. I have to repeat this line every time I close a position for 10% profit and it shoots up 5% the next day.
2008: do not buy, wait it out, you can't catch a falling knife 2009: do not buy, lots of room to fall 2010: do not buy, dead cat bounce 2011: do not buy, crash is coming 2012: do not buy, we're at market top 2013: do not buy, market is overpriced 2014: do not buy, muh fed muh jews muh redpill 2015: do not buy, muh happening 2016: do not buy, wait it out, you can't catch a falling knife
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