Ask Colin

What was the worst trading/investment decision in your career?

Missing most of a trend because I had been overseas and getting in too late because I needed to make up missed profits.

We have to wait for the market to be ready to give us profits. I see lots of people who decide they want to trade, who rush in without checking the condition of the market and wonder why they lose money. Of course, most of them they don't know what they are doing. I should have known better. However, I did know that I had made a mistake quite soon and got out, rather than become locked into a losing spiral as most people do.