The 8 Deadly Sins and How To Outwit Them All
πππEvery investor starts with dreams - Financial freedom, portfolio glory and perhaps a nice passive income stream to sip martinis by the beach. But the markets are ruthless. They expose every emotional crack, every impulsive click on your trading app. That is where the 8 Deadly Sins creep in. They are the silent killers of wealth, creeping into even the sharpest minds.
If you want to build something lasting, not just flashy gains and fiery losses, you will need to recognise the traps and sidestep them like a ninja in a bear market.
1. Greed - Chasing the Next Big Thing
What it looks like - FOMO trades, bubbles, overextended positions.
How to beat it - Run toward fundamentals, not headlines. Every chart needs a reason.
2. Fear - Selling at the Worst Possible Time
What it looks like - Capitulation during market dips.
How to beat it - Remember, volatility is not the enemy, lack of strategy is.
3. Sloth - Set and Forget Forever
What it looks like - Neglected portfolios, outdated holdings
How to beat it - Revisit, rebalance and refresh your portfolio. Good investing is active, even if you are passive.
4. Pride - You Think You Are Smarter Than The Market
What it looks like - Holding onto losing stocks out of ego, ignoring the red flags.
How to beat it - Don't fall in love with your picks. Fall in love with data.
5. Envy - Copy and Paste Other People's Portfolios
What it looks like - Mimicking trades without context or conviction.
How to beat it - You set your own goals, your time horizon and your risk profile. Own your edge.
6. Gluttony - Owning Too Many Stocks
What it looks like - over 100 positions and zero clarity
How to beat it - Streamline. Focus on your highest conviction ideas.
7. List - Falling for Flashy Trends
What it looks like - Meme stocks, dog themed coins, zero revenue IPOs.
How to beat it - allocate a small amount towards these if you like to, but protect your fortress.
8. Impatience - Demanding Instant Results
What it looks like - Constant checking, short term panic, premature selling.
How to beat it - Investing is like a slow cooked roast, not microwave popcorn. If you want riches tomorrow, you are in the wrong game.
Concluding Thoughts - The Redemption Path
Every investor battles these sins including me. The difference? The best investors recognise them, laugh at them and build strategies to outwit them. So the next time the market whispers sweet nothings to your emotion, do not just listen. Think, plan and dominate with cold blooded discipline.
I must confess that I have succumbed to many of the 8 Deadly Sins above but I have become a better investor because of experiencing them.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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