I was not too patient in 2017 and often flirted without reason and made unwise snap decisions. Well now I am in 2018 and a habit that I started today was to look at a trend and stay the course. Emotions can cloud our judgment. When we cannot see behind, below or above we make a decision that does not include all the angles. This happens in not giving time for something to mature.
Often in gardening, we can not see what is below in the soil. the expression of the plant can be deceiving. What is growing below in the roots is more important than what is displaying on top.By spring, the flowers will be blooming and be showing off new colors and buds. It is in anticipation that we know will arrive. In the meantime allow hibernation and the slowing of the plants to gain momentum.
Investing or trading in the stock market does not always move the way we want. There are seasonal time and being patient is an asset.This surely happened today when I was looking at my brokerage account and found that patience was in my favor. During December some stocks that I held had been stuck in no moment or even had retreated. Knowing that this is near an earnings season, the stocks rebound in January.
I made an unwise movement in the forex, entered impulsively and saw my account plunge. Normally I would have quickly exit and took my loss. By shifting my view from a day trader to a longer-term momentum, I gained another skill set. I waited until the market retraced and was able to regain and minimize losses.
Patience taught me a lesson in not overreacting. My acronym for Patience in 2018 is Power, achieves, triumphs, intention, even flow, not haste, choose and energize.I am ready to create other habits that will serve me well and not overreact and slow down and enjoy the moments.
Happy investing and gardening
Chari Farmer Ogogo
author, Be Savvy Live Wealthy