A while back, I was having some trouble daytrading too much. One solution that I came up with was to cancel my subscription to the Investors Business Daily. IBD is a great newspaper, but every morning I’d obsess about the latest hot stocks on the subway. I found that the temptation was too much. To make a long story short, I cancelled my subscription a few weeks ago, and I’ve been trading a LOT less.
For example, in September I made 9 trades. In October I made 12. As far as November goes, I’ve only made 2. Hopefully, I won’t have to make too many more. After all, a buy and hold strategy only works if you actually buy and hold.
Have a great Saturday and don’t trade too much!
Best,
James
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
