The Psychology of Position Sizing

Andrew and I have talked a lot about emotions recently, and we're gonna talk about it again today because there's basically two sides of you. Even if you don't realize there are two sides of you, more than likely. The first side is the side that just gets crazy excited about a stock and you start acting like that stock just can't lose. The other side is the side that's so uncertain you can't bring yourself to pull the trigger and or sell. So today, Andrew and I are gonna talk about taking that emotional temperature and figuring out how to control those emotions of either being too pumped up about a stock or maybe not being pumped up enough about a stock. So buckle up. Here we go. This episode is brought to you by Accenture. When your advertising operations fall out of sync, everything else follows. Spotify and Accenture are working together to reinvent the rhythm of ad sales using automation, analytics, and smarter workflows to simplify campaign delivery and access better data across the business. The result, less time spent on operations, more time connecting brands with the moments and fandoms that matter most. Learn more at accenture.com/spotify. When you need to build up your team to handle the growing chaos at work, use Indeed sponsored jobs. It gives your job post the boost it needs to be seen and helps reach people with the right skills, certifications, and more. Spend less time searching and more time actually interviewing candidates who check all your boxes. Listeners of this show will get a $75 sponsored job credit at indeed.com/podcast. That's indeed.com/podcast. Terms and conditions apply. Need a hiring hero? This is a job for Indeed sponsored jobs. You're tuned in you're tuned in to the investing for beginners podcast investing for beginners podcast. The show for the long term investor. We cut through the noise to focus on what works, compounding, discipline, and the conviction to buy wonderful businesses and stick with them. Your path to financial freedom start now. And welcome back to investing for beginners. My name is Steven Morris. And across from me is Andrew Sather. And today, once again, we're talking about the emotional roller coaster that is investing. And the reason, Andrew, I think this is so important and why we talk about it so much is because, you know, I've been through a lot of stuff in my life, but but investing is one of the most emotional, emotionally challenging, things I've ever done in my life. Like, you know, I I would say it rivals a lot of, you know, starting your own business, things like that. Like, it it's very tough, especially when it comes to managing your emotions. I don't know. Do you struggle with that too? Is it or is it just, like, water off a duck's back for you? Like, meh, whatever. Well, this morning, I was, like, getting really way too excited about the stock, and …