BULLs /BEARs : SAME MISTAKE

Hi,

Today i am going to share my mistakes which i am doing years after year only persuading myself with different logic but when i think back and think finds same

reasons and same mistake.i think everybody does the same its psychology of human being.

1. Makes opinion about market: BULLISH/ BEARISH / SIDE WAYS all by listening to so called expert on TV , rumour, same self logic.I too had done same was waiting waiting.let me tell you waiting is one of must quality you should have to successful investor BUT waiting with opinion/perception in mind about market direction is common MISTAKE.
2. when you find your stock and its Margin of safety (MOS) then buy in lot. its OK but where i failed is my mind was not ready to buy 5-10% higher price that of my earlier price since i had opinion/ perception about market that it will come down, some cases i came down too but then i was waiting more to go down.i spite i was ready to pay more that because of its MOS. BE READY TO BUY 5-10% up / down to initial purchase price when you have MOS.Don't stick to initial purchase price.
3. Only think about VALUE and MOS don't take your decisions / or postpone on basis of market direction.
4. Buy good company on bad news which is other than business: I done same for lifetime. But got trapped in stayam on 17 Jan 2009 the mistake made by me i brought old Matyas bad news without knowing what was bad news on that day.This hangover carried on me for long time again i made mistake of inaction and didn't brought Asian paint on bad news of share pledging at Rs 680,DLF,BHATRI on promoter stake sale DLF at 114 / Bhati at 484. from this i learned lesson BUY GOOD COMPANY ON BAD NEWS but you should know the bad news before buying single share.
5. Value is king weather market VALUE it OR NOT: when ever you find a company with cheap valuation and MOS just think of what can go wrong and finds answer not so pessimistic and go and buy don't think about market valuing it or not.

last 7 years i had done same above mistake irrelevant of market is bullish or bearish.Always control yourself from excessive may it Bullish NOV 2007 to Jan 2008 OR excessive bearish OCT 2008 to MARCH 2009. This what called as RATIONAL THINKING .

experts