Action Alerts Plus portfolio manager and TheStreet's founder Jim Cramer has learned a lot over his 30+ years of investing. So he created a list of 25 Rules for Investing that can help you avoid the novice pitfalls that even he fell into on occasion.
One of the biggest amateur pitfalls: Regret.
Rule 13: No Woulda, Shoulda, Couldas
Your head matters in this game....
The most damaging recurring thought you can have is this:
"If only I ..." You can fill in the rest.
That's why Cramer says not to get hung up on the "woulda, shoulda, couldas....This is wasted, damaging emotion."
So watch Rule #13 above as he talks about how he went to the extremes in the beginning of his career and beat himself up over his mistakes.
And don't forget, we are rolling out one-rule-a-day for the next 25 days! So stay tuned!
Sign up and watch Jim Cramer's 25 Rules For Investing here!
And for more Investing Rules, watch these: