Are you an emotional investor?

Emotional investing is bad for your health and your purse too. You will be driven to make decisions which you may regret later on. An emotional person can never trade in the stock market for too long. Keep all your emotions and feelings locked in the cupboard before starting trading in the stock market.

Here are a few points jotted down about emotional investors in the stock market.. Just take a look and you can figure out if you are one among the thousands of emotional traders out there who is impatient and weak minded when it comes to the ups and downs of trading.

1. You are an emotional investor if you find any of the below points to resemble your character:

2. You quote for a particular stock and are cheer if it even goes up by a single penny.

3. You are in touch with your broker every single day and enquire about your holdings.

4. You tend to scratch your head and bite your nails while watching the closing hours of the market.

5. You get emotional and tend to cry if your stock is showing a 10% decline.

6. You are exited when you get a tip from your colleague about a big stock which is going to make huge money and you have even not heard about the stock.

7. You sweat at the drop of a hat and you wear the same clothes till you have a bad day.

8. You join chat rooms and pay undivided attention to what everyone is buying and selling and then take your decisions.

9. You tend to stare hard at your portfolio and refresh it every five minutes.

10. You get mad at everyone and anyone on a bad trading day.

11. You celebrate when your stocks have made huge profits but you have not realized then as yet.

12. You want to go to the loo often when your stocks are trading at a very high level, or your stocks are seeing to bite dust.

13. You place the stop loss order price at a price less than 0.5% below your purchase price because you are really scared of losses.

14. You cry uncontrollably even after losing 5 dollars.

15. You yell, scream and insult the stock analysts and experts after a bad session.

16. You throw a big party and drown all your profits without making a saving.

These may sound silly but they are true with most people who are emotionally involved in the stock market. Try to keep your cool and trade cautiously and carefully and see that you have made enough savings to keep you afloat during bad times

The Author of this article is an equity market analyst and provides stock market trading tips on Indian share market.