Comments on: Insider: Fighting Complacency in Magic Finance https://www.quietspeculation.com/2017/05/insider-fighting-complacency-in-magic-finance/ Play More, Win More, Pay Less Tue, 18 Jan 2022 02:03:02 +0000 hourly 1 By: David Schumann https://www.quietspeculation.com/2017/05/insider-fighting-complacency-in-magic-finance/#comment-1870543 Thu, 11 May 2017 00:44:50 +0000 http://www.quietspeculation.com/?p=80696#comment-1870543 In reply to James A. Balyszak.

Thanks. I have been rolling the premise for the article around for awhile and I’m glad you enjoyed it.

]]> By: James A. Balyszak https://www.quietspeculation.com/2017/05/insider-fighting-complacency-in-magic-finance/#comment-1870540 Wed, 10 May 2017 23:39:49 +0000 http://www.quietspeculation.com/?p=80696#comment-1870540 Fantastic article! A great subject to touch upon. In my line of work, it is constantly hammered into our awareness that “Complacency Kills.” Very good to look at it from yet another perspective (i.e. Magic finance).

I know that I am certainly guilty of holding onto certain specs for far too long, especially when strong indicators (potential for banning, rotation out of the format, reprinting, etc.) are present. It’s a mistake you only need to make a few times, but it really helps to instill a mindset of staying vigilant and closely tracking your purchases, profits, and gains/losses.

Trader Tools is great because I’ll just create a specific list (or lists) reflecting my speculation targets, and then cross reference it with my speculation spreadsheet. Having the live retail/buylist numbers from Trader Tools to compare to my initial investment data (including target sale value) has really helped to reduce losses AND complacency.

Thanks for the article! Excellent subject and perspective.

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