The Attitude To Investing - Do You Have What It Takes?

When it comes to making smart investments, few things are as important as the right attitude. What attitude has to do with this? Good Reason is simple: the investment must be based solely on information and special closely related to the investment itself and not another. The worst thing an investor can do is finish making decisions based on extraneous issues which are irrelevant for investment. That's where the saying "in trade, commerce and the plan of" wine. In this article, some points that may help with this.1. Invest only money that is not and will not be used for basic expenses. Even if the money needed just a few months down the line not to think about using it for an investment. The reason for this is that if you invest that money, investment decisions will be determined by the basic necessities-of-pocket expenses, which strictly speaking is not a relevant factor investment.To example, suppose the money is intended for the repayment of loans within three months. It just may be that your investment falls in the week where you need the money. In this scenario, following the right strategy that took off a week, however, need to repay the loan on time, ends the particular investment. Ultimately, investment decisions are made on the basis of irrelevant information to the investment itself and a loss. Hence the wisdom of a single investment of money that you do not need living.2. A very effective and intelligent technology in investing is to imagine that money is completely lost investment. The logic is simple. Many if not most of the investments at one time or another, and many investors (including this one) get cold feet too early in the game and finally retire. Often, the investment becomes a profit, the investment had been given time to mature. If you convince the money is gone, when you invest, it is much easier to keep the nervousness at this time. (And let me tell you, there's nothing worse than closing one of the first operations at a loss, only to see the back and succeed, if only we had of course.) 3. Every investor must accept the fact that operations are not a fundamental fact of life. Everyone will make a certain amount of transactions executed on the losses. The important part is the attitude we adopt towards these losses is a less bad loser in these events will prevent you from becoming a successful investor in the long term. Here are two examples of ways to contemplate trade.3a unsuccessfully). Do not look at individual transactions and not see the trades as a group object. For example, you can have a strategy that four of every five jobs. One in five jobs on average a loss. The thing to do is to compare net income in the five offices, including loss, and divide by five. The result is the gain from trade. If you do this, you can actually see the trades as a loss of workers for profit. IE. We attribute the 20% of its net income for the five trading unsuccessfully to trade, simply because it is a crucial part of a good result strategy.The this kind of attitude is that we should not let fear of small errors or failures to take to complete goals.3b large). Consider the loss of recording your training investment. If you're not one of them, most people in this area have put many thousands of dollars and devoted years of his life that go into the matter. For those not skip these degrees, the training comes in the context of failed operations and, accordingly, be sure to learn from each other! The right professional attitude is necessary here, free of emotions, otherwise you are sure not to lose the long-term viability of these investment markets endeavors.The, one can get the best and worst of their emotions. It is very important to get these under control so as not to affect investment decisions. I remember that, in trade, commerce and plan.