By John Sage Melbourne
The job of beating the market is not tough,it is the job of beating ourselves,our natural instincts and inclinations that shows tough.We are all comfy buying when the market is strong and everyone is discussing increasing values.
Success based on emotion is success based on chance which is never sustainable.
Objectivity is the only course to wealth,and objectivity is neutral concerning worry,greed and opinion.The distinction between the theory of investment psychology and real investment is the financial dedication required. Objectivity unexpectedly falls away and emotion takes over. This causes poor choices and for that reason loss. Losses are to be welcome as they teach us humility.
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The financial markets are very good and exposing our human weaknesses which in turn once again lead to loss. If you are not prepared to admit errors and take remedial action,losses are most likely to substance.
It is vital to examine both your progress and your errors on a constant basis. The market is never actually the very same twice. New situations and brand-new difficulties will always emerge.
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