Get over greed and fear,enjoy life

How much can greed take control of your life?

Greed can take control of your life, up to a level where you lose everything, hope,happiness everything which you strived for in your whole life. Greed has the power to destroy your life. The important point is that, you should know to draw a line between greed and knowing what you need.

Fear of losing

Fear of losing something is one of those best defences we have against greed. It is this fear that makes us cautious and prevent losses from accumulating.The fear of losing your loved ones makes you care for them a lot more. The fear of disease is what makes you adopt a healthy lifestyle.Fear of cancer makes you quit smoking!

Last week I had some big loss in the stock market. Monday was a  good day, I even made some good profits coming my way. This time Greed got the better of me. I didn’t sell my Options, thinking that it will go even more up on the next day. I didn’t take my opportunity to make money due to my greed.

On Tuesday there was a fall in the market and I should have got out that time, but I didn’t because I thought markets will go up on the next day. But it fell on the next day and the day after that. By the end of friday I had only a quarter of my investment left!

It was not bad after all, because I learned something which would help me for the rest of my life.Some facts which I learned were.

• Be contended with what you have
• Never lose money
• Have a strict stop loss either 5% below your buy price or at the buy price.
• Don’t follow analysts blindly, believe only what you see with your eyes.
• Analysts make lots of money, they get out in time and prevent loss. By the time you get the news only a quarter of your money remains!
• Learn from every mistake you make.

Take control of your life now,because it is still not late. Winners learn fro every mistake but losers won’t. Losers keep on making losses. Be a winner from now on.