Do not make the mistake of trapping yourself in market frenzies – your focus should be clearly on stocks that offer long term growth prospects.
Investors who allow their emotions to dictate their investment decisions will suffer from poor long-term results. Such investors will chase stocks that appear to be doing well, for the fear of missing out on making money.
This leads to speculation without regard for the investment strategy. Investors cannot afford or should not get caught up in the ‘next big craze’ or they might be left holding valueless stocks when the craze subsides. Do not make the mistake of trapping yourself in such market frenzies – your focus should be clearly on stocks that offer long term growth prospects.
Good luck and safe trading!