Staying Tough Through the Tough Times

Vuki777
+506-8

Recently one of my largest positions (ECOTality -- ETLY) has been experiencing significant depreciation in stock price. Surprisingly this hasn't only negatively affected the value of my holdings but also my emotional state. I have felt my mood fluctuate along with the company's market cap. Although I have read and listened to countless experts claim that emotions must always be removed from intelligent investing; how does one keep feelings away from investing?

Two approaches have given me partial success and have given me a reasonable sense of comfort. The first has been rooted in doing further research and truly deep-diving into all possible minutia. I have attempted to explore all potential sources of secondary information -- investment websites, publications, magazines, blogs, etc. An addition to this has been primary research. I have actively contacted investor relations and even directly emailed with CEOs and other management staff. I participate in all company conference calls and make sure to ask the tough questions. I believe that this is absolutely necessary for me to continue to be comfortable with my decision, with my assumptions, and with my expectations for the future.

The second approach has involved the vetting of my research results and subsequent conclusions with countless other investors. Yahoo Finance, Google Finance, and most significantly Pinnacle Digest have given me the opportunity to test my theories, to pose tough questions, and to deal with the devil's advocates. This method lets me bounce-off ideas and find my personal biases. It's truly a valuable way to gain original insight.

For now I am very confident that my investment will rebound. The above-mentioned methods have only confirmed my beliefs and have empowered me to move ahead through the tough times.

Do others experience similar emotions? How do you deal with such events?

manlyman
+99-8

Re: Staying Tough Through the Tough Times

LOL. It won't hurt. Stay patient

Vuki777
+506-8

Re: Staying Tough Through the Tough Times

It helped me get some of my feelings out. Maybe I'll be a better investor now.

manlyman
+99-8

Re: Staying Tough Through the Tough Times

helpful blog

Vuki777
+506-8

Re: Staying Tough Through the Tough Times

Haha, thanks for the encouragement. I believe wholeheartedly and wholemindedly in my investment but it's definitely tough at the moment.

Pennypincher
+266-9

Re: Staying Tough Through the Tough Times

Ouch! I just took a look at the chart Vuki and now I see why the dilema. Sorry dude. Hang tough.

Vuki777
+506-8

Re: Staying Tough Through the Tough Times

Unfortunately I think that success in investing is often controlled by luck, especially in the short term. How does one overcome bad luck in investing?

Justaslice
+307-31

Re: Staying Tough Through the Tough Times

In the end the smartest players always are rewarded I think. Luck is the only thing that can make you money gambling but very rarely does it make you money investing. That's the difference.

Vuki777
+506-8

Re: Staying Tough Through the Tough Times

Thanks for your encouragement. I agree that it can be a rush but it can also be quite a crash. This shouldn't be gambling and the smartest players should be rewarded.

GrandpaJack
+86-7

Re: Staying Tough Through the Tough Times

Excellent colum Vuki777. You are not alone in your battle. I think many of us struggle with this issue, especially in today's environment.

Sometimes we need to take risk though. It makes us feel young. So don't be afraid to play out on the skinny branches every now and again.

Vuki777
+506-8

Re: Staying Tough Through the Tough Times

As I suspected, I am not the only one :) I think there are two components that stir up the emotions: the first is the money factor -- I am by no means a rich man and a few thousand dollars does still mean something. To this, Iverson, you are completely correct. I've invested only that which I can stand to lose and this makes me feel much better.

The second factor is the fear of being wrong. This is much more of a personal issue but I think that most of us have this.

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