I came across this today, and it's worth reading: http://www.marketwatch.com/story/10-ways-to-wipe-out-your-retirement-savings-2013-09-05?pagenumber=4 Especially 5. Change lanes every year catched my eye. Because that is what I saw alot doing. They start with X, got negative, move to Y, get negative, and so on. "Pick a disciplined strategy and stick to it. Jumping from investment to investment is only going to slow you down.".
Although the same method has seemed to have worked out well for early believers of bitcoin - for the time being at least.
This was said in 2011 too, when gold, 4 months later than silver, reached it's high. Gold! Good investment! But also, for the time being. Only so many were able to sell at $1900. Only so many were able to sell at $1800. And so the ladder down. It's much like a room with 5 people and a black box with '1st Price' on it. They all think they wun and own the box. They form one happy family congratulating eachother with their win. But after the first takes the 1st Price, it's gone for the other 4. This No. X applies to a lot of wrcmads haha.