A tip that can increase your profits by 10%
When you really, really want to buy, hold on for a moment.
When you really, really want to sell, hold on for a moment too.
The tip above seems very simple, but it reveals an underlying logic: when you really, really want to act, it's often because you are being controlled by your emotions, and emotions are the biggest enemy in investing.
So you will find out why the market drops when you buy and rises when you sell. It's because you often can't help but act when market emotions reach their peak, which is usually a turning point in the market.
A better solution is to calm down, wait another day, let your emotions pass, and when rationality takes over, then decide whether to make that decision.
Interestingly, after this time has passed, you often don't want to act anymore because you have freed yourself from the entanglement of emotions.