10 Ways to Fail At Stock Investing
Just because your broker tells you investing is simple (or maybe you’ve seen those online ads promoting an easy solution in the form of their investing courses…) doesn’t mean you can take it lightly. After all, you don’t have unlimited lives to keep playing this Russian roulette. This is a guest post contributed by Call Levels and edited by Budget Babe (my words in blue). The electronic environment in which we trade in these days remove a need to deal with any human element. This means the way we receive data, make a decision and execute a trade has, to a certain extent, become seemingly easier than it really is. Such a mindset is dangerous. Making investment decisions in such an environment is actually harder to do than one believes. Many people often find themselves oscillating between states of fear and greed – they become greedy when they make money, and want to make as much as possible; when they lose money, they panic and worry that they’ll lose it out. The Aca...