Thinking About Your Investments Too Much
It can be hard to invest your money, but it can also be quite easy. It will vary depending on how you plan to go through the business. To me, the best way to approach it is to be free from making decisions based on one's ego. Sometimes, you see, our desire to be a perfect investor makes us over-think decisions before me can make them.
One fundamental truth that applies to the world of investing: Everyone thinks differently from each other. No two people will think the same strategy with investing in stocks. So, as an individual, you'll need to know your strengths and weaknesses. Try to improve on the areas wherein you need the most improvement, but use your strong points to invest.
You should basically choose your playing field properly. If you are in a game show with multiple categories, for instance, you will more likely do well in the World War category if you're a History major. The same is true for stocks; capitalize on what you thoroughly know.
If you find that you're trying to convince yourself to go buy a particular stock, in contrast, then it's probably not worth investing in at all. It's not a good idea to pretend to be smart by making all sorts of elaborate schemes that will result in those stocks becoming big gainers. If you don't know about that stock niche, then you don't know how it'll grow.
You may also find yourself in a situation where the opposite has occurred; you did something right, but got scared and then talked yourself out of it. How many stories have you heard about people selling too soon, missing out on a 100% gain? How about people who've sold because of a sudden drop, only to see those same stocks soar after? If you think you know the niche of your stock well, don't be discouraged that easily.
All the advice I'm giving out is centered on one principle; do not over-think your investments. You could avoid making stupid decisions, yes, but don't be a know-it-all by looking at every possible problem that your investment may or may not even encounter. - 23221
One fundamental truth that applies to the world of investing: Everyone thinks differently from each other. No two people will think the same strategy with investing in stocks. So, as an individual, you'll need to know your strengths and weaknesses. Try to improve on the areas wherein you need the most improvement, but use your strong points to invest.
You should basically choose your playing field properly. If you are in a game show with multiple categories, for instance, you will more likely do well in the World War category if you're a History major. The same is true for stocks; capitalize on what you thoroughly know.
If you find that you're trying to convince yourself to go buy a particular stock, in contrast, then it's probably not worth investing in at all. It's not a good idea to pretend to be smart by making all sorts of elaborate schemes that will result in those stocks becoming big gainers. If you don't know about that stock niche, then you don't know how it'll grow.
You may also find yourself in a situation where the opposite has occurred; you did something right, but got scared and then talked yourself out of it. How many stories have you heard about people selling too soon, missing out on a 100% gain? How about people who've sold because of a sudden drop, only to see those same stocks soar after? If you think you know the niche of your stock well, don't be discouraged that easily.
All the advice I'm giving out is centered on one principle; do not over-think your investments. You could avoid making stupid decisions, yes, but don't be a know-it-all by looking at every possible problem that your investment may or may not even encounter. - 23221
About the Author:
Rick Amorey believes that shortcuts to success are a joke, and instead suggests the comprehensive program of Emini Trading. Build up your portfolio with the help of Emini Trading System, and secure your future at a consistent pace.
posted by X - Men @ 7:07 AM
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