Quote (Thor123422 @ Apr 30 2020 10:52am)
Yeah, it feels bad when you realize you could have gotten more, but you're also exposing yourself to substantially more risk. Be careful about cognitive bias. You only remember the ones you would have won.
Remember that you could have always picked the third hand that lost 50%
it's basically a trinary of win, lose, or draw. and ties are like kissing your sister.
but in investing its more than that really. people either employ a strategy of small short term gains that add up cumulatively over time or longer term larger gains. i'm a short term trader, so small gains are wins to me and big gains are just a rare occurrence pleasant surprise. but if i was a long term trader a small gain is basically a loss. holding something for a few months with a target gain of 100% that u only eek out 10% on is a loss of money. you could have flipped it several times on shorter term peaks and made far more money. its basically making money but holding to inflation, u actually haven't made your % in gross gains.