Don't Be Stupid

Today I had a very chilling experience in the market today. It wasn't because of the stock market took a dive; instead it was due to sheer stupidity. This week I broke two very important rules, and because of that I put myself in a position that was not my best interest. It is very important to know your own rules, and to abide by them no matter what. More important, the ability to self govern, and the ability to recognize your own mistakes before anybody else is crucial.

My first was a mistake of laziness and stupidity. I failed to keep an eye on the market conditions. I thought my investments were safe and secure, and I could take a night off from looking at the market. I woke up this morning and saw the company Research In Motion (RIMM) dropped over nine dollars per share this morning. It stung a little bit, because this could have been avoided if I had read the news. But I didn't and I lost little money today; not because the market did something abnormal, but I failed to keep up with the positions I was holding. This should be a lesson to anybody investing that you should always maintain good stewardship of your investments; the minute you look away everything runs south.

My second mistake was a mistake that plagues every investor. I believe this is the worst plague that infests investors because it is the most prevalent. If I haven't talked about this already I'm going to talk about it a lot more because it's important. I'm talking about emotions. I let my emotions get the best to me today, and because of that I made some poor decisions. Letting your emotions drive your decisions to be the most horrifying experience to imagine. If you're starting out in investing and learned anything learned this first: put your emotions on the sidelines.

Please don't get me wrong; I did not lose all a lot of money today. The point is I acted in a way that was unprofessional, and loses you money. Let us be a lesson to everybody, because I would not be writing about this unless I cared. I wish that everybody is successful in his or her investing career and I am here to help those who seek it.
Thank you