Yes, every bad decision has been the result of not knowing enough about the company before investing. But I've also come to the realisation that time often evens out the bad especially if you invest at the bottom of a cycle.

What is my investment approach now though? If I like something new, I'll spend time researching it, if it looks better than something else in my portfolio or it adds depth to my portfolio then I'll invest a tiny amount, like 10 bucks or less. Over time you start to get a feel for the stock, soaking up all information on it, getting an understanding of when it's cheap and when it's expensive. My new friend on tiger trade @Barcode has serious convictions about an Aussie company $PROPEL LTD(PFP.AU)$ So did a little digging of it myself and yep, it looks good and certainly adds a very different stock to my portfolio. So I brought 1 share, it dropped 20 cents, so I brought 9 more shares. I'll just keep watching it and probably add more as it bottoms.

99% of my portfolio is invested into shares I've owned for well over a year, my extreme is one I've owned over 20 years. Stocks are cyclical even though may trend up or down over time, they trend. the ones trending down I tend to burn. The upward trends I tend to lock in some profit at higher points, then repurchase at lower points. Pretty much all of my banking stocks atm I'm selling off some, because most are up round 50% in the last 12 months. 

It's kinda like blackjack, if you start on a winning streak, you cash out and just bet with the houses money. And then double down with your money again when the stock is cheap again. It's a strategy that requires ALOT of patience, and the knowledge that comes from truely knowing not only the business you are investing in, but also market sentiment. 

This approach gives you an emotional buffer, the stock mite drop 20% in a year, but because you are still up 30% it's a buy. Psychologically this is very important, very very important. I call it building a buffer zone. You mite be loosing but compared to the person that brought at the high l, well u are still winning, and they are loosing. It's the old concept of time in the market vs timing. The more time you are in the market, the less timing matters. Many times I've actually sold, then brought back at I higher price, but I'm not bothered because I locked in profits, and I'm buying back in because, well my assumptions were wrong for selling, so I need to get back on that gravy train. Anyone that is selling u a concept of ten easy ways to become a millionaire investing in stocks... well it's just lies, it's actually very very complicated.

Hopefully tomorrow I'll be putting up a post about a stock that I think will Go crazy soon, but it's more about how I make investment decisions based on the future not the past. If you follow me, yup it's that company. But I'll have my evidence prepared by tomorrow to present, happy trading[Miser]  

# What Causes You to Make Bad Financial Decisions?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Barcode
    ·05-31
    TOP
    Thanks for your insights EI! Within the next couple of weeks you may wish you had for more than 10 shares. Given the current technical indicators, including the expanding Bollinger Bands and Bullish candlestick patterns, Propel Funeral Partners is well-positioned for a STRONG upward trend. The price is expected to rise towards AUD 5.80 to AUD 6.00 in the near term, assuming stable market conditions and continued positive financial performance. Happy trading.
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    • SPACE ROCKETReplying toBarcode
      HAHA every digging sounds like a pun on PFP 😜😅 You're welcome darling!! 💰🥰😍 If I had more eyeballs to see the AU market, I'd buy into your recommendation too lol. Too many time zones is such a mess 😅
      06-03
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    • BarcodeReplying toSPACE ROCKET
      Lol 🤣 Got to be in it to win it. EI will have to dig deeper into those pockets. Cheers for your unwavering support SR 🩵
      06-02
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    • SPACE ROCKET
      For a stock with such low price like PFP, I agree that just buying 10 shares will not allow you to significantly benefit from its potential upside... Buy at least a thousand or two @Emotional Investor 😜😍
      06-01
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  • Barcode
    ·05-31
    TOP
    In the world of investing, foresight is our greatest ally, while hindsight often leaves us with regrets. With Propel Funeral Partners’ recent technical indicators signaling an imminent UPTREND, it’s clear that buying only 10 shares will seem like a missed opportunity. The expanding Bollinger Bands and Bullish candlestick patterns are poised to PROPEL the stock price upwards. Act on our foresight now to avoid the sting of hindsight later, recognising the booming potential that’s unfolding right before our 👀.
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    • SPACE ROCKETReplying toBarcode
      Hahaha omggg 😜😅😜😅😜😅
      06-03
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    • BarcodeReplying toSPACE ROCKET
      We’ve really livened it up hey 😆 You can’t spell funeral without fun 🤣😅
      06-02
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    • SPACE ROCKET
      I love your conviction on this stock, dear sis lol! Seems more lively than I thought this stock would be lolol
      06-01
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  • dimzy5
    ·05-31
    👍
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  • snappix
    ·05-31
    Happy trading!
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