Think Long Term
To improve our mindset when trading we need to learn how to control our emotions. It is easy let our emotions get the better of us when the stock market goes red and your portfolio starts to lose value drastically. However, we should always keep at the back of our mind that the stock market from time to time will fluctuate and some of these events that trigger it is beyond our control. Therefore, we have to think long term and ask ourselves some questions.
- whether this company is a good company fundamentally?
- where will the company be a few years down the road?
- Are it’s fianance situation and balance sheet looking good?
- is it trading at expensive valuation? if so is it justified?
- whether this company is a good company fundamentally?
- where will the company be a few years down the road?
- Are it’s fianance situation and balance sheet looking good?
- is it trading at expensive valuation? if so is it justified?
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