I am not young anymore, so am going to reveal mistakes I made in the first half of my investing lifetime; about 1972 – 1990. Sadly, I did not learn lessons quickly so repeated some of them. These are not in any particular order. A better title might be True Confessions.
1. Believing that I was right and the market was wrong. I don’t know whether this is ignorance, arrogance, or what. More than likely it is just lack of experience. I would spend hours looking at charts and convincing myself what was going to happen; place a small trade, and usually lose money. I was convinced that I was correct in my analysis, yet it often didn’t work out. So, who was correct? The market or me? Trust me; it is always the market.