Buy low, sell high. That is the ideal of every day-trader. But for many, that is one of the hardest things to do. When the stocks are at their lowest and seemingly in a freefall, the one with limited resources will have a difficult time pouring money into it. And when the stocks are at their peak, who is to say what tomorrow will bring. How much potential profit could be left on the table?
The best times to get in is during the times of FUD (fear, uncertainty, and doubt). It is also the most dangerous time. Whether one gets in or not all depends on the outlook. Is this an opportunity or a potential disaster?
The pessimist sees difficulty in every opportunity. The optimist see opportunity in every difficulty.Winston Churchill
Seasons come and they go. War, depression, and plagues come upon us and go away, only to be replaced by the next critical event. All of it could precede the end, or it could become the catalyst for a new beginning. It is all a matter of viewpoint, all a matter for hope or despair.
Winston Churchill found himself in a war to end all wars. It was one of the darkest times in memory. He survived and went on to enjoy a time of peace, a time when the world could rebuild and repair itself. Yet, that was short-lived. A couple of decades later, he was once again thrust into another war to end all wars. He could have sat on the sidelines and allowed others to fight. Instead, he maintained his belief in a brighter future. He was the optimist that saw opportunity in one of history’s greatest difficulties. A worthy example for all of us to follow.