Know Your Investments Like the Back of Your Hand
Investing money can both be hard and easy. It's difficulty will be based on your approach to the business, really. To me, the best way to approach it is to make decisions that are free from one's ego. Sometimes, our desire to be the perfect investor will tend to make us over-think decisions before we make them.
One fundamental truth that applies to the world of investing: Everyone thinks differently from each other. No two people will think the same strategy with investing in stocks. So, as an individual, you'll need to know your strengths and weaknesses. Try to improve on the areas wherein you need the most improvement, but use your strong points to invest.
Choose your playing field properly, basically. Akin to being in a game show with multiple categories, you will most likely do well in the category you have personal high aptitude in. Like, choosing the World War category, if you're a History major. Same goes for stocks, go for what you know.
By contrast, if you find that you're trying to convince yourself into buying a particular stock, then it?s most likely not a good idea to invest in it. Don't try to be smart by concocting scenarios that will result in these stocks becoming big gainers. If you don't know about the niche of the stock, then you don't know where it's going.
You may also find yourself in a situation where the opposite has occurred; you did something right, but got scared and then talked yourself out of it. How many stories have you heard about people selling too soon, missing out on a 100% gain? How about people who've sold because of a sudden drop, only to see those same stocks soar after? If you think you know the niche of your stock well, don't be discouraged that easily.
All the advice I'm giving out is centered on one principle; do not over-think your investments. You could avoid making stupid decisions, yes, but don't be a know-it-all by looking at every possible problem that your investment may or may not even encounter. - 23223
One fundamental truth that applies to the world of investing: Everyone thinks differently from each other. No two people will think the same strategy with investing in stocks. So, as an individual, you'll need to know your strengths and weaknesses. Try to improve on the areas wherein you need the most improvement, but use your strong points to invest.
Choose your playing field properly, basically. Akin to being in a game show with multiple categories, you will most likely do well in the category you have personal high aptitude in. Like, choosing the World War category, if you're a History major. Same goes for stocks, go for what you know.
By contrast, if you find that you're trying to convince yourself into buying a particular stock, then it?s most likely not a good idea to invest in it. Don't try to be smart by concocting scenarios that will result in these stocks becoming big gainers. If you don't know about the niche of the stock, then you don't know where it's going.
You may also find yourself in a situation where the opposite has occurred; you did something right, but got scared and then talked yourself out of it. How many stories have you heard about people selling too soon, missing out on a 100% gain? How about people who've sold because of a sudden drop, only to see those same stocks soar after? If you think you know the niche of your stock well, don't be discouraged that easily.
All the advice I'm giving out is centered on one principle; do not over-think your investments. You could avoid making stupid decisions, yes, but don't be a know-it-all by looking at every possible problem that your investment may or may not even encounter. - 23223
About the Author:
The trading business carries no guarantee that you'll profit, and don't let anyone tell you otherwise. Rick Amorey instead suggests the comprehensive program of Emini Trading. Be an educated trader with the help of Emini Trading System, and watch your money grow like a carefully monitored seedling.
posted by X - Men @ 1:49 AM
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