Don't Be Afraid To Sell
Sometimes the hardest thing to do is to sell a stock when you don't know if it has peaked or will continually go up.
You cannot suffer from FOMO (fear of missing out). The game consists of both buying and selling.
Just like you should be afraid when it might go up, you shouldn't be afraid to sell when the stock is down. Sometimes, you just have to cut your loses and move on.
This will only come with experience, so the only way you will learn is by sticking your neck out there and getting burned a couple of times.
Patience Is A Virtue
Your investments are not going to make you money right away.
You cannot invest with emotion. Imagine if every investor pulled their money in 2008 and refused to wait for the market to rebound?
The market is cyclical. Sometimes it goes up. Sometimes it goes down.
By being patient and removing emotion from your investing, you will be a much better investor and have a better chance of coming out on top.
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