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Monday, 16 September 2013

Panic buying into stocks

There is a clear herd mentality as we see a frenzy buy orders pushing up stock prices this morning.  This is not a totally wrong decision to make but it is probably important that it should be planned ahead if you want to have peace of mind.  As for me, l already have some sell orders filled this morning as l have already set the exit selling prices.  Seller's remorse?  This will not happen to me even when the prices continue to climb higher as l have already locked-in the profit and l can use the proceeds for other investment opportunities.  Will l place buy orders today?  Yes. In any market conditions l stayed invested.  But l will not chase after the rising prices.

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