THIS is When You Should Sell a Stock

Let's get straight to it, shall we? [upbeat music] Emotions are a hell of a thing.

The highs of getting a job, married, a kid, or even just those times you sat alone in your car singing as loud as you can.

Compare that to the downs of a breakup, a lost loved one, or being sacked.

Losses cause feelings of anxiety and doubt, and the gains we make, the step forwards we take in our lives, make us feel joy, and it's the exact same with investing.

Nothing triggers an emotional response like doubling your money on a company you just bought, and nothing can ruin that like waking up and seeing all the gains you just made in the last few months wiped out in a day.

In a day.

Instantly you think, "Should I sell? Should I buy more? Should I just go back to sleep?" You are given constant data to fuel those emotions.

Most people don't get married all the time.

I've been married seven times.

And most people don't get sacked constantly either.

These events are infrequent.

They are rare.

Oh, yeah.

The fluctuations of your investments are constant, especially crypto.

That sucker runs twenty-four seven, three six five, and swings about like a bored married couple looking to spice up their marriage a little bit.

What did he say?

I find the best thing to do to deal with an emotional response is to have a preset rule or question that I ask myself before I act so that my emotions don't take over.

So with road rage, for an example, I'm not an angry person, but in the past, I was definitely known for flashing people if I felt they deserved it.

You don't want to be in the way when my laser goes off.

Now, if someone cuts me up or forgets to indicate, rather than setting my lasers from stun to kill, I ask myself the question, "Damian, have you ever forgotten to indicate or cut someone up?" The answer is yes, so chill out, mate.

They probably didn't do it on purpose.

They definitely haven't got it in for you.

Fire everything.

[button clicking]

So when I'm being blinded by the emotion-inducing barrage that is the constant information of the markets, here are some of the questions that I ask myself before I consider selling.

Let's get straight to it, shall we? [upbeat music] Emotions are a hell of a thing.

The highs of getting a job, married, a kid, or even just those times you sat alone in your car singing as loud as you can.

Compare that to the downs of a breakup, a lost loved one, or being sacked.

Losses cause feelings of anxiety and doubt, and the gains we make, the step forwards we take in our lives, make us feel joy, and it's the exact same with investing.

Nothing triggers an emotional response like doubling your money on a company you just bought, and nothing can ruin that like waking up and seeing all the gains you just made in the last few months wiped out in a day.

In a day.

Instantly you think, "Should I sell? Should I buy more? Should I just go back to sleep?" You are given constant data to fuel those emotions.

Most people don't get married all the time.

I've been married seven times.

And most people don't get sacked constantly either.

These events are infrequent.

They are rare.

Oh, yeah.

The fluctuations of your investments are constant, especially crypto.

That sucker runs twenty-four seven, three six five, and swings about like a bored married couple looking to spice up their marriage a little bit.

What did he say?

I find the best thing to do to deal with an emotional response is to have a preset rule or question that I ask myself before I act so that my emotions don't take over.

So with road rage, for an example, I'm not an angry person, but in the past, I was definitely known for flashing people if I felt they deserved it.

You don't want to be in the way when my laser goes off.

Now, if someone cuts me up or forgets to indicate, rather than setting my lasers from stun to kill, I ask myself the question, "Damian, have you ever forgotten to indicate or cut someone up?" The answer is yes, so chill out, mate.

They probably didn't do it on purpose.

They definitely haven't got it in for you.

Fire everything.

[button clicking]

So when I'm being blinded by the emotion-inducing barrage that is the constant information of the markets, here are some of the questions that I ask myself before I consider selling.