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Thursday, September 4, 2008

'Don’t let your emotions get the best of you.'

'Don’t let your emotions get the best of you.'
The third tip of all ten of Mr. Coyle's investment tips personally relates to me the most.

During the investment game, I desperately bought the shares without a second thought to any of them, which obviously caused a huge destruction at the end. Because the shares rose to higher prices, I immediately decided to buy them. I let the emotions get the best of me. For example, when the steel industry prices were rising, I purchased many of them instantly, but the industry ended up falling. I should have waited a little longer and think of other possibilites instead. Overall, I've learnt a lot from this investment game.

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