RE: Beginners Questions
I've just gone through all of the positions which I opened in the last twelve months and which I closed for various reasons.
Some I got out of because they dived and I did right to get out of and, as it happens, most of these are ones which I shouldn't have bought into at all. For example buying below the Moving Average or when the MA was falling. Or when the share as a whole was falling.
Apart from my timing to get into a share which I think is far too late as a rule I find that I am jumping out far too early. Yes, I am making a profit this year but that seems to be despite myself. I have found no end of two or three baggers (such as XAR.L, SGP.L) which I made money on but I should have held on longer.
So, a question to the board, if I may. How often do you all look at the markets and one's positions (each day, each week)? More to the point what pychological tricks does one have to stop jumping out too early?
Nessa: "Why?"