Control your emotion! or else you will lose money.

Buongiorno,

 

Its means good day! I just learned it in our Italian 101 class.

 

Anyways, have you heard of emotional intelligence?

 

Wikipedia defines it…

 

Emotional intelligence (EI) is the ability to monitor one’s own and other people’s emotions, to discriminate between different emotions and label them appropriately, and to use emotional information to guide thinking and behaviour.

 

Recently, I sold my SM prime stocks for 20% percent gains. I just bought it for almost 2 years only using “peso cost averaging” method.

 

Before I bougth SM prime stocks, I have a plan and set a goal. My plan it to use “target pice” approach and sell when I reached 20% gains.

 

On 2014, it reaches for about 15-17% and I felt so excited that I want to sell it right away. Doon ko naisip yung sinasabi nila na emotional intelligence.

 

You must control your emotion especially in investing . Just stick to your plan.

Paano kung makita mong negative ang investment mo and you feel depress? There is a chance na ibenta mo to.

 

If you don’t control your emotion, you will definitely lose money.

 

My advice is if you are in a situation that you have full of emotion. Watch out for it and do what is best and stick with your goal.

 

Continue to practice it and you will master it as time goes by.

 

To your financial success,

Marvin Basa

About The Author

Marvin Basa

Marvin Basa is a financial literacy advocate who helps Pinoys to have successful financial lives.

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