No. of Recommendations: 1
No. I don't have the emotional willpower to follow a disciplined strategy in good times and bad. I'm too easily swayed by greed and fear.

But I do know that money is money, and taking some profits is part of a good trading strategy.

Hi jrr7,

I had the same opinion, until this past year. My trades, due to fear-based trading in March and August cost me over $9000 in taxes. The net change to my portfolio had I not traded, was about nil. Just something to think about if you have a taxable portfolio, like mine.

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