In this clip from Friday's edition of The Macro Show, Hedgeye Founder & CEO Keith McCullough reminded viewers of the importance of planting and pruning your positions throughout your portfolio.
He stressed that your positions aren't like your family members or sports teams you live and die with; "they're just tickers."
"Think about your hard earned capital the way I did: yesterday I got a bunch of Yens, I sell them all, then I go buy gold with the proceeds," McCullough explains.
"There should be absolutely no feeling associated with that execution. You sell something to go buy something else."
Whether it's bonds, gold, or foreign currencies, you should hold them with one goal in mind: make you money.
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