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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: EnricoPalazzo who wrote (47938)10/15/2001 7:36:55 PM
From: Pirah Naman  Read Replies (2) of 54805
 
Ethan:

Like most people of the ill-fated GK class of 2000, I haven't much faith left in my stock-picking abilities. So perhaps it's just pessimism

I won't tell you not to be depressed or discouraged, because they are natural reactions. But this can be just part of the learning curve if you approach it right. Try to write down exactly what you think were your errors. Take a break, and come back and ask "were these my errors, or did things just go badly?" i.e., remember that a correct decision can still yield a negative result. If you invested according to your own rules and understanding, then you didn't make a mistake. If you made a mistake, you can decide how to avoid that mistake going forward. If you didn't make a true mistake, then you can think about how you can improve your rules in the future, so that you can play within a better strategy. If you enjoy the process of investing (as opposed to those who just dream of riches and are disappointed if they don't get them), then you will get better and your results will reflect that. But you will also make new errors along the way, and there will be periods of setback. While this doesn't make them "fun" it may make them easier to keep in perspective.

- Pirah
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