{"id":463,"date":"2004-02-15T17:40:49","date_gmt":"2004-02-15T22:40:49","guid":{"rendered":"http:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/ive-lost-my-confidence\/"},"modified":"2004-02-15T17:40:49","modified_gmt":"2004-02-15T22:40:49","slug":"ive-lost-my-confidence","status":"publish","type":"post","link":"https:\/\/selfinvestors.com\/tradingstocks\/mail-bag\/ive-lost-my-confidence\/","title":{"rendered":"I’ve Lost My Confidence!"},"content":{"rendered":"

Question<\/strong>:  <\/p>\n

Hi Tate,
\nHow are you doing investing?  I feel like I have lost my confidence and am having a hard time getting back into it.  We are primarily in cash right now.  I actually picked up AUO again on Friday.  After I saw it starting to climb and seeing the IBD article.  I originally had 1500 shares previously and now I only have 500.  I am on a fence about it. Why so much selling?  On one hand I feel that it has a lot of potential but on the other I also am scared by the selling pressure. It seems so hard to find a leader these days.  I sometimes think that my investing days might be over. It can drive you crazy.  I just think if I could make one good gain.  I will have my confidence back.  The market seems so unsteady right now though. It’s frustrating though.  I have a friend that every stock he picks turns to gold.  He tells me about them but they seem lackluster and then they are stars so soon.  He bought SAFM and I think it is up like 17 pts. in a month.  When he told me I thought (Mad cow scare is over and it might be too high because of the scare, well I was wrong.) He bought CTSH and made 8K.  It wears on you.  Hearing the good news and looking at your portfolio and being in the red.  I just always wish it could be me.  Do you have any advice?  I’d appreciate any that you could give me.  I could start small and learn as I go.<\/font><\/p>\n

My Response:<\/strong><\/p>\n

I certainly understand where you’re coming from… I have been in your shoes
\nat one time or another.  Yes, the market can drive you crazy!  Don’t get
\ndiscouraged! If I go through a period of unsuccessful trades, I’ll take a
\nstep back and look at the trades I made.  I’ll look at the chart and ask
\nmyself why I made the trade.. usually if it’s a bad trade is because I
\nthought I was "missing" out if I didn’t get in right now even though the
\nchart didn’t look great or it was a bit extended.  Be patient and always
\nwait for your price, because it will alway come.  Also, be careful about
\ntrying to make all your money back in one trade.  After experiencing a big
\nloss, it’s natural to want to try and find the "big winner" that will make
\nit all back.  Don’t get caught in this trap.. continue to invest in the best
\ncompanies with great looking charts.  But more importantly only stay
\ninvested when the market is strong and try to stay invested in industries
\nthat are leading the market.  Currently, its finance, medical and oil.<\/font><\/p>\n

You’re right that the market is unsteady.. after signaling a breakout on
\nWednesday it turned tail and reversed sharply.  You don’t see that too
\noften.  It’s good you’re primarily in cash right now.. you’ll be ready when
\nthis market makes another good run.  <\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

Question:  Hi Tate, How are you doing investing?  I feel like I have lost my confidence and am having a hard time getting back into it.  We are primarily in cash right now.  I actually picked up AUO again on Friday.  After I saw it starting to climb and seeing the IBD article.  I originally … Continue reading I’ve Lost My Confidence!<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-463","post","type-post","status-publish","format-standard","hentry","category-mail-bag"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/comments?post=463"}],"version-history":[{"count":0,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/posts\/463\/revisions"}],"wp:attachment":[{"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/media?parent=463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/categories?post=463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selfinvestors.com\/tradingstocks\/wp-json\/wp\/v2\/tags?post=463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}