Don't get married to a position. That includes things you purchased to sell at a higher price, as well as things you created to sell at a higher price. So it doesn't matter to me that I printed shares on a sheet of paper, I don't treat it differently. If the position doesn't work, move on.
As far as the actual operation goes, I treat it like a precision drone strike. or perhaps an expedition. I don't need to be passionate about it, I just need to recognize the alpha and value extractable. We're going to sail to the New World, get the gold, and distribute the gold when we get back. The end! Pre-plan what is involved and do that thing, don't pursue things more complicated than that, just rule them out and wait for the next idea. Too many people covet an idea because they view it as their one opportunity ever. Its too bad if that's actually true for them.
IMO it still has to be something you’re okay with doing for, like, 10 years. Don’t fall so in love with an idea that you can’t give it up and pivot, but also don’t get stuck doing something you hate.
Don't get married to a position. That includes things you purchased to sell at a higher price, as well as things you created to sell at a higher price. So it doesn't matter to me that I printed shares on a sheet of paper, I don't treat it differently. If the position doesn't work, move on.
As far as the actual operation goes, I treat it like a precision drone strike. or perhaps an expedition. I don't need to be passionate about it, I just need to recognize the alpha and value extractable. We're going to sail to the New World, get the gold, and distribute the gold when we get back. The end! Pre-plan what is involved and do that thing, don't pursue things more complicated than that, just rule them out and wait for the next idea. Too many people covet an idea because they view it as their one opportunity ever. Its too bad if that's actually true for them.