By John Sage Melbourne
The task of beating the marketplace is easy,it is the task of beating ourselves,our natural impulses and inclinations that shows hard.We are all comfortable purchasing when the marketplace is strong and everybody is talking about increasing values.
Success based on emotion is success based on possibility which is never ever sustainable.
Neutrality is the only path to wealth,and objectivity is neutral concerning fear,greed and opinion.The difference between the theory of investment psychology and real investment is the financial dedication required. Losses are to be welcome as they teach us humbleness.
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The financial markets are really good and exposing our human weak points which in turn again lead to loss. If you are not prepared to confess mistakes and take remedial action,losses are most likely to compound.
It is vital to examine both your development and your mistakes on a continuous basis. The marketplace is never ever really the exact same two times. New circumstances and new challenges will constantly emerge.
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