Analyze Me. Risk/Reward. Why can't I get 'unstuck' and do what I know would be beneficial for me? [View all]
One of the things I have appreciated about DU over the years is how generous others here are with their thoughts, expertise, and views concerning things other than politics.
I wonder if I can call upon you now to help with a strange problem that has presented itself in my life.
I don't want to give many details but I don't think they are necessary anyway.
Here goes, everyday I have an opportunity to take advantage of a situation that 9 in 10 times generates a large profit. The 1 in 10 time that it doesn't isn't really a dangerous loss situation as I know upfront the total amount of such a loss and I am perfectly willing to accept such risk.
My problem comes in taking the other 9 opportunities. These are time sensitive opportunities and I know that if I move at the right time each opportunity offers a reward at least twice (and as much as 10x) that of the 1 in 10 loss risk.
I find myself repeating the following pattern and can't seem to break it.
When on opportunity presents itself I will take it but quickly take a small profit equal to about 1/10 of the loss I incur 1 in 10 times. I monitor the situation after I have taken my profit and frustratingly watch as time and again I see that had I stayed with the opportunity I would have had a large profit. Once, I have exited the opportunity there is rarely a second chance with that same opportunity so I cannot take advantage of the same opportunity more than once.
Sorry to be so cryptic. Anyway, any advice on how I can make myself do the thing I KNOW 9 times out of 10 will be financially beneficial but that I can't seem to take advantage of in the manner which I want to?
I've never had such a problem before in any part of my life and I used to not have it in this part. Nothing has changed that may explain this new pattern of behavior I simply find myself stuck and unable to do what I cleary can and should.
Any and all advice would be really appreciated.