A lot of us are inclined to investing in temporary adrenaline rushes, we are more or less inclined to show up when the party is in full swing. So whether it is betting on fast rising stock prices of a company or a product or letting the money flow like wine on a weekend, the basic idea behind temporary adrenaline rushes is the same – it’s the binge which gets us excited and high. Come a market crash, or Monday, the story has already predicted itself. We find ourselves on a low due to a loss and the end of a honeymoon period. Confusion and frantic action affect the speculator while the weekend binger counts his or her money losses for a good time he or she doesn’t even remember, and recalls the famous Monday morning blues.
This story has been on repeat for a countless number of people amongst us, yet we do nothing to change this cycle of emotions and fortunes, which, in the long run, is debilitating for us. The idea is to go moderate, and avoid the binge. It can save us a lot of trouble in the long run. This is easier said than done, who doesn’t like having a good time at the binge! Try reflecting on the analogies drawn for the matter at hand. You might just be surprised by the answers that you come up with for your own good.
Try avoiding investing in binges. You have two examples of binges here to start with, think of the others in your life and make a list. It would be best to minimise the number of binges, to start with. The rest, is upto you!