Being too overconfident about a certain situation often leads me to wrong timing. Correct in the assumption of why a stock will go down or up based on reports and financials but wrong on reading how soon or when it takes that little bit longer. but we cannot have no confidence as well as to lack conviction would be worst. So I always remind myself when the going gets too good, read the charts! Find the supports and make extra room. Don't set too many positions is one of the most important things I've learned. This keeps margins at bay and profits to roll.
What Causes You to Make Bad Financial Decisions?
Making mistakes in the stock market is very normal.
Have you ever reflected on the reasons that lead you to make bad decisions?
Would you heavily invest in a company just because you are familiar with it?
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