Uncle8888 has truly learnt this Lesson in GFC 2008. Of course; he was not afraid of unrealized losses due to strict position sizing of NOT more than 10% of his total capital in any one counter. He knew he would not be wiped out due to losses in any counter. BUT; when unrealized losses in his portfolio started to escalate and escalate faster in mid 2008. His ball dropped and nightmares began when he realized the next few years of higher expenses for his two children university education! Lost his job! Money how?
Read? Soon ... The Greatest Relief Is I have Sold!!! (2) --> Uncle8888 has learned this painful lessons in 2008 GFC for his two children university fund where he was forced to cut his losses in Nov 2008 due to fear of Depression 2.0 to raise $80K in cash to ready this uni fund for his children starting their first semester in Jul 2009....
