Emotional Stock Picks
Emotional stock picks are another excellent way to guarantee you will lose money in the stock market. Unfortunately, many people are simply not wired properly to invest in the stock market. Too many investors become to attached with their stocks or they think they can never fail.
Investing needs to be treated as if you owned your own business. Investors need to learn to cut their losses without any regret and then move on. When people refuse to accept that they made a bad decision, and continue to hold onto losing stocks they will ultimately fail.
Hoping a stock will rebound no matter what is not a good investing method. Many investors who made a lot of money in the booming technology stocks in the late 1990's; lost it all when the markets crashed in 2000 because they refused to except the good times had ended.