Introduction
It is hard than I expect to learn to be a long term investor. I took one week vacation from March 23 to March 27, and most of time I studied about market swings and every thing behind this swings. I definitely make mistakes an an investor. I like to find what are seven mistakes.
Seven mistakes
I like think about and see if I can find seven mistakes I made as a long term investor.
- Hours I spent on studying are over hundreds of hours, but I wasted time to check balance and for those unrealized gains. What should I work on as a long term investor?
- I have problems to deal with big loss on market swing, so I experienced something new like anxiety, panic sell etc; I should take a day off if I know there is big market swing, stay home and take some actions. 4 circuit break means 4 days not-peaceful-life mood;
- I should be humble and find some community to support me as a long term investor;
- I came cross a few opportunities to make profit, but I missed. So I will write down in item 5, 6, 7;
- VAB.TO profit over $2000 in one day; I should sell all my bonds to take profit;
- I should pay attention to coronavirus when China had worst hit in Hubei province; pray and seek God for wisdom;
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