When in doubt reduce…to the sleeping point – Dickson G. Watts

When doubtful, reduce the amount of the interest; for either the mind is not satisfied with the position taken, or the interest is too large for safety. One man told another that he could not sleep on account of his position in the market; his friend judiciously and laconically replied: “Sell down to a sleeping point.”

Worried about missing out? Opportunities are easier made up for than losses.

In life, it’s like that too at times. You can’t tell until you bet and you can’t bet if you’ve lost all your chips.

http://eddiemarkets.tumblr.com/post/6753283863/when-in-doubt-reduce-to-the-sleeping-point-dickson

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