The change does not need to be with facts, it could just be with the situation we are in. So if we are clear about the situation, about the decisions we are taking as per the changed situation, everything will be fine.
But if the change is about any emotional aspect, then I guess it is better to record the reasons for the decisions, so that it can help in the future, if we reverse our decision, although this is not necessary if we have got experience. After we gain some experience I don’t think we swing too much except for an occasional investment like an IPO or an overvalued stock which we chose not to invest before.
This is one of the reasons why some investors are opening threads recording their thoughts, so that they can come back later and check.
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