Confession of a Loser

I made most of the possible mistakes that an investor could make. Unlike most investors whoes investments are bringing in money. My investments become donations with mounting losses and the only benefit I am getting is the capital loss I can deduct from IRS for couple of years. Considering you can only deduct maximum of $3,000 per year, you should see now that I have lost money. Lots of money.

So what did I do wrong? Here are the incredible things I did:

• Got into the market in beginning of 2000.
• Bought stocks on margin.
• Buy high sell low.
• Bought Enron.
• Day trade.
• Bought penny stocks.
• Worried too much about daily fluctuation.
• Bought same stocks again and again.

So any of these mistakes sound familiar to you? Let's take a look at the detail of these mistakes.