What Would You Get For Monitoring Your Stocks
It’s not a negative idea to monitor your stocks because it is a part of the investing process. Monitoring comes with tracking down how much money you have put in your investment already, how much your current earnings are, how much you have lost as of this moment, and what stocks to cut down. It’s actually a way of watching the performance of your investment while you are letting it sit still in the market. However, if you monitor your stocks or any other investments more frequently than you should be doing, the tendency is you get too emotional over it. This might lead to losing your money because of poor investing decisions. Instead of monitoring your stocks repeatedly, do the following alternatives below.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
Monitor Less
Should you monitor your stocks? Yes, you should because there is no other way to watch it grow unless you monitor it. But, don’t to it more frequently. Monitor less so you can avoid getting emotional over your losses and gains. If you get too emotional when you’re experiencing losses, it would lead you to sell your investments and never get a chance to see the market bounce back.
Build Your Financial Knowledge
Instead of monitoring your stocks frequently, do a regular research of the market. It’s better to research more frequently than monitor because what’s your establishing here is confidence and knowledge. Once you obtain enough information on how you can deal with gains and losses, you would be confident to work around the volatile market without the thought of losing all your money.
Focus On Winning, Not Losing
There would be times that you have to watch for your investments to go down because that’s how the market works. There are good and downsides but as long as you hold on to good stocks for a longer period of time and cut the bad stocks early, you would avoid getting to the bottom of all this. Always focus on winning so to build your confidence to trade as well. If you put your attention to losing stocks, it would only result to bad decisions.
Buy The Best Companies In The Industry
To help yourself and spend less time monitoring your stocks, buy only the best companies in the industry. It will save you time because once you find the best firms, it’s like you’re investing in something that you know has a brighter future. Good companies pay good dividends too. It’s not only the time and money that’s efficient, you’re also making a smooth path to financial freedom if you choose the best.
