7 YRS PROCESS - DAY 2093 - INVESTING - FEAR OF MISSING OUT

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Investing - fear of missing out

I am catching up with posting online my articles.


In the last 2 days I started to make some silly mistakes when I was investing. For example instead of putting bid for 1000 units I wrote 10000. And in this particular situation I lost some money. In other occasions I missed the opportunity to make some profit because of similar mistakes. I understand why I make these mistakes. It is simply that I am tired from work with my clients as well as spending many hours in front of the computer while investing. I do not want to say that this was the only reason but I decided to sell all of my assets and have few days break from investing.

But then there appeared the fear of missing out. There are couple of assets which I was holding as I expect them to go up anytime soon. But I sold them today and I was faced with the fear of missing their rise.

But then I quickly realised that if I have the fear ( any fear ) then I will not get far with it. For example this fear of missing out will override the decision to sell the assets in the moment when there could be possible fall/correction in price. Or this fear would make me to make all sorts of wrong decisions.

So what now ?

Well... it is clear that this fear must be cleared out of my mind.

How do I do it ?

Simple realisation that there are always possibility to make profitable investments helps. And thus I do not have to be fixed obsessively on this particular asset. I am able to make profit somewhere else especially because I feel more and more confident with the investing. And you know what ? Despite missing on couple of assets which had sharp rise in the last couple of weeks I still made vary good profit with other investments. So there should be no difference now.

And apart from this it is clear that I need to take a break from it and dedicate time exclusively to me and catch up with some pending projects like posting online my JTL articles and others.

So it is all good now.





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Written: 2018 - January - 08   Published: 2018 - June - 09      © Copyright - Greg Wiater