Well that was difficult.
I am moving a fat wad of profits from my brokerage account into my checking account. This is an incredibly hard act for me, because to my eyes, the market is going to get blasted to smithereens, and the last thing I want to do is what I just did – – which is to trim back enough positions to extract a mountain of cash away. In doing so, I have reduced my account by 1/7th, since it reached a threshold that I demanded of myself to take profits. I have NO use for the money, but by God, I’m shielding it.
Why am I doing this? As I’ve explained, the reason is that I’ve become utterly weary of making and losing the same wad of profits in this crazy market. I am therefore FORCING myself to gut 1/7th of my account on a ONE WAY TRIP to my checking account and preserve those profits forever. I wish I had trained myself to do this, oh, I dunno, about thirty years ago, but better late than never.
The fundamental change here, and I hope it is profound, is to transform my trading goal from ACCRUING a huge account to instead having a PROFIT-GENERATOR from which I habitually extract cash. I guess I’m just a slow learner. Anyway, the deed is done, and I’m slightly proud of myself for going through with it.
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