I bought some more Google common this mo…
I bought some more Google common this morning as I’d noted. I’m not forcing any buys, but you’ll notice I’m following the playbook that has been working so well for us — that of buying/covering on big down swings in the broader market and selling/shorting on big up swings in the broader market.
It’s not about today’s prices and today’s P&L, but today helps us set up tomorrow’s P&L…and most important is keeping in mind that your total time horizon for this portfolio is 10,000 days, not 1 day. That mindset will help you make the right trades, which, as I often remind you, are usually the hardest trades to make. So don’t freeze yourself out of fear of short-term swings. We have done our homework, we know our valuations and have worked extremely hard to maximize our long and short-term profits while limiting our losses through our various trading tactics.
Stick to the plan, stay in the game, and rock on.