Yes, I really hate “cherry pickers,” or otherwise known as individuals that wait around for something to drop into their laps. One of the most used examples of this term can be seen in basketball when you play the game 21. For those that don’t know, essentially 21 is 1v1v1v1v… and you are trying to be the first person to 21 points. There are always those that will stand right by the basket and let other people do all the work, but then get the ball if people miss.
Well my fellow TWI’ers, I came across one of those “cherry pickers” the other day, and I began to make a point of dominating him the entire game. I wouldn’t let him breath, I swatted the ball away from him every 2 seconds, and I even gave him some bumps here and there. After all that, we both still kept losing because he just sucked, and I was too concentrated on just trying to make sure he didn’t win.
Sure had I left him alone, he probably would of still lost, but something just triggered in me to make it a point that he would lose; however, while all this was taking place, I was still getting beat in the big picture. I allowed my emotions to get the best of me, and we both ended up losing.
You can relate this to investing in the stock market, especially in market conditions like now. You may take a beating on a stock one day, sell it, and then the next day it is up 4 points. A lot of investor’s gut instincts would tell them to try and get back in the stock or quickly find something to make up for the lost potential profit.
Eventually investors end up in downward spiraling turn of events losing money on one pick after another. You are so enamored with getting that missed profit back, that you lose control of your strict guidelines, end up making bad decisions, and basically start losing more money.
So as I always like to push because it is so important. DON’T LET YOUR EMOTIONS GET THE BEST OF YOU. If I had left the kid alone, then he would of still lost, and I would have probably won some games. With the stock market, you can’t let missed opportunities get the best of you. So what if you missed out on huge profit, you just have to get over it.
image source – blogs.chron.com