【From “Fear the Highs, Live a Hard Life” to “Chase the Highs, Die Young”—I Paid the Steepest Tuition】
When I first got into the market, the phrase that fired me up most was: “Those who fear the highs are doomed to a hard life.”
I always thought that if I just dared to jump in and hold my nerve, I could catch the main rally and move up in the world. So, at the height of the frenzy, I threw myself in recklessly, leaving risk management and risk-reward ratios completely behind.
It took a brutal beating in this $MUB rally to finally wake me up: fearing the highs might make life hard, but missing out doesn’t cost you money. Chasing highs blindly, on the other hand, will probably leave you “dead in no time.”
When I first got into the market, the phrase that fired me up most was: “Those who fear the highs are doomed to a hard life.”
I always thought that if I just dared to jump in and hold my nerve, I could catch the main rally and move up in the world. So, at the height of the frenzy, I threw myself in recklessly, leaving risk management and risk-reward ratios completely behind.
It took a brutal beating in this $MUB rally to finally wake me up: fearing the highs might make life hard, but missing out doesn’t cost you money. Chasing highs blindly, on the other hand, will probably leave you “dead in no time.”
