A guy at a coffee shop told me to stop checking my brokerage account every day

I was at Brew House 22 in Denver last month complaining to a friend about how my trades were tanking. Some random guy overheard me and said I needed to stop looking at my account 10 times a day because it was making me panic sell. I laughed it off but tried it for 2 weeks, only checking once on Sunday. Turns out 3 of the stocks I was about to dump actually bounced back 15% by Friday. Has anyone else had better results by just leaving their account alone?

2 comments

2 Comments

troy_murray81mo ago

Yeah that "panic sell" part hit home with me. I used to think checking my stuff every day was just being smart and keeping on top of things. But I finally tried just looking once a week after a buddy basically told me the same thing. I had some bio stock I was ready to dump after it dropped 8% in two days and I almost sold at the bottom. Didn't look for 5 days and it had climbed back up 12%. Now I check on Sundays and maybe Wednesday if I'm feeling jittery.

nathanrobinson1mo ago

@troy_murray8 sounds like you overcomplicate things, stocks go up and down.