Some of the biggest losses I’ve ever taken in the market was due to the fact I was unable to let go of the stock, and that seems to be a common problem among many traders. Often times we are hyped up by a company due to their potential future. Everyone is looking for the next Google but the truth is most stocks will not quadrupole in price.

The best thing to do is never to invest all your money into any one stock. Diversification is always the safest bet. I have watched countless investors get killed cause they got married to a stock. Remember when TASR blew up. A few smaller companies came out stating they were going to enter the Taser market and hyped investors up on products that had not come to market.

I watch people buy into these thinking it would be the next TASR and as the price started to drop refused to sell, ultimately losing their entire investment. At the end of the day, use the stock market as a vehicle to make money and love your family instead.