Question about "Temptation" to ETF and e-series hoarders
As I have mentioned earlier in my posts I lost lot of money initially day trading and buying and selling stocks very quickly. The power that came with online trading and smart phones really got the worst of me and left me deep in loss. $$$$$.
I now buy stocks in very small quantity and quickly dispose them off to the other world at the first signs of green shoots. Often I make $14, $25 or rarely $50 after accounting for the brokerage fees.
A futile, risky and tiring way of trying to make money.
I have recently started "investing" in MFs, ETFs, e series funds and Tangerine MFs. I understand the need of long term investing, have done lot of reading on MDJ, CCP and RFD but feel that I am still likely to be tempted to sell as soon I see $$ in profits.
Some of you have been investing for really long times. You must have seen your portfolios bulging with ripe juicy fruits. How do you manage to resist the temptation and not sell even when occasionally markets take a tumble?
what is the secret sauce formula I need to get a taste of?