Comments on: Developing The Success Mentality For Investing – Pt 2

By: Elly

Elly — Sat, 31 Jul 2010 12:04:33 +0000

Avoiding panic with my investments can only happen when I have a trading strategy/plan in place.

Before I began trading I looked at every scenario and thought out exactly what I would do in every conceivable situation. I then wrote it down.

Some of the things I (feared) did happen and anxiety and panic took over temporarily but I had my plan, I knew what to do and I didn’t react or do anything stupid. Today I still have my assets.

By: Jazz Salinger

Jazz Salinger — Fri, 30 Jul 2010 06:52:08 +0000

Hi Sean,

Panic is a natural emotion but it’s one you want to try to avoid. I think people make bad decisions when they panic. I’m not sure but would having an investment plan help with this?

I mean if you had your investments planned out and knew when you were going to sell and buy; wouldn’t that make a difference? You could just stick to your own plan and avoid the panic? Or, is panic an inevitable part of investing?

By: Bullhunter

Bullhunter — Fri, 19 Feb 2010 06:19:10 +0000

Great to see you back Christina

By: Christina

Christina — Fri, 19 Feb 2010 05:10:52 +0000

Thanks for the advice Sean…it took awhile before I was able to visit your blog again. Nice to hear you really interact with your followers. Kudos.

By: Bullhunter

Bullhunter — Thu, 04 Feb 2010 05:20:53 +0000

Hi Christina
If you are looking at investing as a gamble and you are fearful of it, it may be wise to put it off for a while until you feel more confident. Whatever you invest in, you must be super confident of your choice. A good rule of thumb is to never invest money unless you can afford to lose it
Regards – Sean