Nothing lasts forever.
With the recent pull back from the $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$ $The Technology Select Sector SPDR® Fund (XLK.US)$ it may be a lesson for investors who leave themselves exposed.
These top 5 biases sabotage most investors decisions
1. Loss aversion. 2.Anchoring bias. 3.Herd instinct. 4.Overconfidence bias. 5.Confirmation bias.
With this week's critical economic data and FED rate decision.
As investors we have to do our risk management, especially during times of high volatility.
Do your own research.
Try to reduce your mental biases.
Have an alternative Plan when things go south.
We must ask ourselves these questions.
"How much am I willing to lose?"
"What if a deep market correction comes, what will I do?"
"Is the business I've invested in with the money I paid for worth it's value?"
Lastly Some quotes that may be encouraging.
Thank you for your time!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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