Just For Thinking ...
Read? Should our investing decisions be continuous struggle??? (2)
How about Capital Re-cycling?
Are you a day trader?
If you are not a day trader, active capital re-cycling is not that easy as you think.
For those who have longer time horizon; they may be better off to be long-term investors than to be day traders who have another full time jobs to take care.
We also like to think that we can easily buy back stocks after selling for profits. Actually, it is emotionally tough to buy back. It is never an easy task to do it. BTW, look at your own past trading history, how many times have you actually bought back and still better off than holding for dividends and potential capital gains.
That is why Uncle always stressed the importance of Tracking and Measuring Performance. No tracking and measuring? How to tell?
Even Jesse Livermore, who is the author ......