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Where are you? - Market Cycle of Emotions
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<blockquote data-quote="WalnutCrest" data-source="post: 1374029" data-attributes="member: 21715"><p>Coming from a guy who's provided for his family by actively engaging with markets of all types for a long time, this mindset isn't realistic. You lose money when the price of what you own goes down. If you doubt me, just ask your banker if you can still borrow on the equity you had when prices are higher.</p><p></p><p>Embrace the losses --- it's freeing! I promise. It allows one to be more productive and solution oriented rather than fearful or angry. Know the truth and the truth will set you free.</p><p></p><p>This isn't a call to making short-sighted decisions and actually selling something you may not need to sell ... but to really understand what a full / partial liquidation means to you and your neighbors.</p><p></p><p>Panic will set in with some people at some times, and that is when you can (if you're really embracing your reality) to make a wonderful strategic decision for you and your cattle business.</p><p></p><p>So, yes, you've already lost money. And that's not the end of the world.</p></blockquote><p></p>
[QUOTE="WalnutCrest, post: 1374029, member: 21715"] Coming from a guy who's provided for his family by actively engaging with markets of all types for a long time, this mindset isn't realistic. You lose money when the price of what you own goes down. If you doubt me, just ask your banker if you can still borrow on the equity you had when prices are higher. Embrace the losses --- it's freeing! I promise. It allows one to be more productive and solution oriented rather than fearful or angry. Know the truth and the truth will set you free. This isn't a call to making short-sighted decisions and actually selling something you may not need to sell ... but to really understand what a full / partial liquidation means to you and your neighbors. Panic will set in with some people at some times, and that is when you can (if you're really embracing your reality) to make a wonderful strategic decision for you and your cattle business. So, yes, you've already lost money. And that's not the end of the world. [/QUOTE]
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Where are you? - Market Cycle of Emotions
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