Why newbies keep making mistakes?
Did you buy or sell your stock last week?
Did you prepare a buying power?
Did you make a mistakes in picking the right stocks?
Nobody knows when is the bottom and when is the right time to sell. If you are newbie in the stock market with a bleeding portfolio, no need to worry it's part of the journey to financial freedom.
Why you keep making mistakes? There are 3 main reasons.
1. No investment objective. You don't really know why you entered in the stock market. You don't know if you are an investor or a trader. You don't have a timeline for your stocks.
2. Not part of PAM. Planning, Actions and Mindset. You should have your own PAMpayamang strategy. You should Plan, Take Actions and have a positive Mindset.
3. You follow Gurus not Mentors. The growing numbers of forum and newbie gurus causes many newbies to have a red portfolios. Following every advise will give them 50% gains instead -50% loss. There is no gurus only "You".
Feel free to share your newbie mistakes so others can learn.
P.S. Stay tune for my next book: