🥤Self awareness will make it possible lor 🙆‍♀️

To err is human. One way for humans to make better desicions is to become alert to the errors - Richard H. Taler.

Glove and healthcare stocks have been favorites among most investors as these have been a steady growing over the years. Back then we are being bombarded by $IHH(Q0F.SG)$ IPO which raised 2 billion in both klse and sgx market in 2012. You can also cross reference to $Top Glove(BVA.SG)$ share price which have always below 50 cents way before the covid 19 pandemic. The advent of covid 19 have changed everything. It  shoots up from 1st quarter 2020 after the most lockdown of many economies in the world due to pandemic. And since then the share price spike up to 3 dollar till end of 3rd quarter 2020

Some investors could have sold shares when it started to spike at 1 dollar but how would they feel if the price continues to rise all the way up to 3 dollars? Even some investment bankers were estimating a super sky high target price and Donald Trump was at one point attacked that we cannot let it be a fortune 500 company. The elevated share price sustained for a few months before dropping back to 80 cents now. What was in the minds of investors and analysts? Why did the market behave and over react and how should we mitigate this pitfall in investing and to prevent future errors? It is all bandwagon effect. FOMO

Being overconfidence aka Dunning kruger effect is also another trading mindset that we might come across. A novice may tend to overestimate own ability without learning the fundamental and technical investing. Well, any monkey can beat the market. We might be over joyed and confident that our stocks portfolio hits a new high despite we did not do any research and homeworks

There are a host of cognitive and emotional biases that influence our behavior. Having a positive mindset is important. What is more important is that we are aware of biases that affect our decision. We can learn from them and control our emotional thoughts when making the buy call. Be rational. A wise man learnt the mistakes from others. Good luck