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FOMO & Sitting Tight- Some advice?

QuestionsCategory: QuestionsFOMO & Sitting Tight- Some advice?
Ahmed Morsi asked 3 years ago
Hi Patrick, Sorry for all the questions but your mentorship is valuable to me.   One of my biggest weaknesses is FOMO. I have decided that I want no more than 5 stocks...and I've ended up with 6 stocks. My issue is as I watch other stocks run up I want to own them too. I feel like a child in a candy shop - I want all the candies.  How do I deal with the emotions involved with seeing other stocks run up and wanting to own them too while I'm already invested with my holdings. For example the key list has great stocks on it everyday I obviously cant be buying them all... but the emotions are there.  some wisdom please.  (Sitting tight is boring. and I think I like the action of buying and that may be my problem.) Thank you as usual Patrick.  My apologies if this question is irrelevant to what we do.
1 Answers
Avatar photoOwen Staff answered 3 years ago

Hi Ahmed,
Pat made this video for you...
https://youtu.be/_t2c0haOOjo

Ahmed Morsi replied 3 years ago

Thank you very much Patrick, you are always so insight! Your wisdom helps keep me focused on the right things.