Post
Topic
Board Economics
Re: When the tide goes out
by
exstasie
on 05/01/2019, 21:26:56 UTC
Okay, well just so you know, your expression isn't clear and isn't commonly used in English, so you should probably expect future misunderstandings. You're referring to "bagholders" and "permabulls" (people who always believe price will rise and refuse to sell at a loss). "Marrying an asset" doesn't actually specify what side you're trading (long or short) so it's not a useful expression

I don't know about English (actually, there is a phrase about "marrying an asset, not a liability") but it is a well-established term or concept in trading (investing) meaning exactly what I put into it.

The phrase about "marrying an asset, not a liability" is literally about choosing a spouse. Maybe you could link to a source that explains the investing concept? I couldn't find anything on Google.

But nevermind, it is not me who coined it and something tells it comes from some big gun in investing, maybe even from Warren Buffett himself. Being married to an asset means you are making things too personal with it, regardless which side of the trade you are on. In other words, you jumped into a minefield with your comment, so tread carefully

And no, I can't say if you are married to Bitcoin

Tread carefully? Roll Eyes

No need to get all defensive. I understand what you were trying to say now. I was just pointing out it's not a common expression in English, and it's not very clear when used as an idiom because it doesn't convey a complete idea.

Don't marry your trades is, on the other hand, a very common expression:

If you want to be a good trader, don't marry your trades
Don't Get Married To Your Positions
Don't Marry a Position!

Quote
From a trading perspective, marrying a position means a trader has become emotionally attached to holding it, especially in the face of strong evidence that this is not the right position to be in. This particular trading error can often result in excessive losses and wasted margin because a transaction intended to be a short term trade can turn into a longer term “investment” that may never ultimately show a profit. Successful traders generally avoid getting emotionally involved with holding a particular position, especially when the market is clearly telling them they are on the wrong side. Remember, humans are intended to marry their spouses, not their trading positions.

I believe that's the expression you're looking for......