Thursday, 30 September 2021
Quote for the day
"We don’t have to be smarter than the rest. We have to be more disciplined that the rest." - Warren Buffett
Wednesday, 29 September 2021
Quote for the day
"You are responsible for your life. You can't keep blaming somebody else for your dysfunction. Life is really about moving on." - Oprah Winfrey
Tuesday, 28 September 2021
Quote for the day
"Your present circumstances don't determine where you can go; they merely determine where you start." - Nido R Qubein
Monday, 27 September 2021
Sunday, 26 September 2021
The Eight Characteristics of Successful Investors
Is there a reason why so many people make a failure in investing?
Just what IS success and how can it be obtained?
The techniques and the characteristics of the most successful investors are diverse, and there's not a guaranteed formula of success.
Nonetheless, by looking at the mindsets of certain successful investors, we can learn by following 8 of their key traits:
1. Reason:
Arguably the most important characteristic. You need to justify why you hold each company in your portfolio. You must seek out high-quality stocks that are undervalued by the market, and therefore cheap.
2. Commitment:
To exploit your strategy you have to do the research - and keep doing it - including surveying all financial data, online investment resources and company reports. Don't forget that "numbers have no prejudices."
3. Discipline:
The research process doesn't finish once you've bought a stock.You have to obsessively follow your purchases, to make sure they were sensible.
You'll need discipline, because successful investing is about running your profits and cutting your losses. The stockmarket is a rollercoaster, so you have to ride out the peaks and bottoms.
4. Flexibility:
If you're going to have rules you need to be able to break them!" The same stocks won't perform well in all markets.
5. Guts:
The best time to buy stocks is the time of "maximum pessimism" - when everyone is selling and fleeing the markets. To do this takes bravery.
6. Open Mind:
Seeking out opportunities ignored by other investors prevents prejudices coming between you and an opportunity.
7. Patience:
"Unfashionable stocks" are unlikely to turn around overnight, so you need to know when to hold on.
8. Know Your Limits:
This means accepting you won't be the next Warren Buffett. Professional investors spend their whole day researching companies, have analysts to help them, and can visit companies.
That doesn't mean you can't stock-pick successfully as an amateur ...
The best trick is to keep it simple and ...
Stick with what you know!
Just what IS success and how can it be obtained?
The techniques and the characteristics of the most successful investors are diverse, and there's not a guaranteed formula of success.
Nonetheless, by looking at the mindsets of certain successful investors, we can learn by following 8 of their key traits:
1. Reason:
Arguably the most important characteristic. You need to justify why you hold each company in your portfolio. You must seek out high-quality stocks that are undervalued by the market, and therefore cheap.
2. Commitment:
To exploit your strategy you have to do the research - and keep doing it - including surveying all financial data, online investment resources and company reports. Don't forget that "numbers have no prejudices."
3. Discipline:
The research process doesn't finish once you've bought a stock.You have to obsessively follow your purchases, to make sure they were sensible.
You'll need discipline, because successful investing is about running your profits and cutting your losses. The stockmarket is a rollercoaster, so you have to ride out the peaks and bottoms.
4. Flexibility:
If you're going to have rules you need to be able to break them!" The same stocks won't perform well in all markets.
5. Guts:
The best time to buy stocks is the time of "maximum pessimism" - when everyone is selling and fleeing the markets. To do this takes bravery.
6. Open Mind:
Seeking out opportunities ignored by other investors prevents prejudices coming between you and an opportunity.
7. Patience:
"Unfashionable stocks" are unlikely to turn around overnight, so you need to know when to hold on.
8. Know Your Limits:
This means accepting you won't be the next Warren Buffett. Professional investors spend their whole day researching companies, have analysts to help them, and can visit companies.
That doesn't mean you can't stock-pick successfully as an amateur ...
The best trick is to keep it simple and ...
Stick with what you know!
http://www.greekshares.com
Quote for the day
"When performance exceeds ambition, the overlap is called success." - Cullen Hightower
Saturday, 25 September 2021
The Seven Key Emotions of the Winning Trader
One thing that trips up new traders is that they are surprised at the emotions that flood into them when they begin the process of trading with real money. Their ego engages and they do not want to be wrong and they sure don’t want to lose money. The negative downward emotional spiral takes down more traders than the math, risk management, or markets ever will. Once the negativity begins it is hard to stop, so travel down the right emotional road if you truly want to be a winning trader, here is what that looks like:
Choose the emotions that you participate in carefully.
1. Contentment: The trader must be satisfied that they are trading the right system for their risk tolerance and beliefs about the market.
2. Hopefulness: A trader must have the belief that he will win in the long term and it is worth the effort to capture the future profits.
3. Optimism: Winning traders believe that they are always getting closer to that next big winner.
4. Positive Expectations: To be successful the trader must expect that in the long run his robust system will produce profits and not lose faith during drawdowns.
5. Enthusiasm: The winning trader enjoys the trading process and loves playing the game that is the markets.
6. Passion: The traders that end up as the big winners are the ones that have the drive to keep learning, keep growing, and put in the work needed because of the energy that comes from their passion.
7. Empowerment: The best traders in the market can not even imagine doing anything else but trading. They truly get joy from the freedom of being a trader and love what they do.
Choose the emotions that you participate in carefully.
1. Contentment: The trader must be satisfied that they are trading the right system for their risk tolerance and beliefs about the market.
2. Hopefulness: A trader must have the belief that he will win in the long term and it is worth the effort to capture the future profits.
3. Optimism: Winning traders believe that they are always getting closer to that next big winner.
4. Positive Expectations: To be successful the trader must expect that in the long run his robust system will produce profits and not lose faith during drawdowns.
5. Enthusiasm: The winning trader enjoys the trading process and loves playing the game that is the markets.
6. Passion: The traders that end up as the big winners are the ones that have the drive to keep learning, keep growing, and put in the work needed because of the energy that comes from their passion.
7. Empowerment: The best traders in the market can not even imagine doing anything else but trading. They truly get joy from the freedom of being a trader and love what they do.
Source:http://newtraderu.com
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