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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Rule #6 - Learn To Like Losses

Rule #6 - Learn To Like Losses

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1Rule #6 - Learn To Like Losses Empty Rule #6 - Learn To Like Losses Mon Apr 25, 2011 11:50 pm

zazu

zazu
Senior Equity Analytic
Senior Equity Analytic

This rule says just the opposite of what many investors and gurus think.

Once a successful investor said: " Learn to like losses because they are part of your business.

When you gain the emotional stability to accept a loss without it hurting your pride, you are on your way to becoming a successful investor.

The fear of making a loss should be taken away before you become a good investor.

Learning how to take losses is one of the most important lessons you must learn if you want to survive as an investor. Nobody is 100% right all the time.

Never ever think that you will never lose. That's just ludicrous. Losses are just like profits, its all part of the traders universe.

Losses are unavoidable. Get over the loss and move on to the next investment.

Cheers

2Rule #6 - Learn To Like Losses Empty Re: Rule #6 - Learn To Like Losses Sat Apr 30, 2011 6:02 pm

npc86

npc86
Manager - Equity Analytics
Manager - Equity Analytics

zazu wrote:This rule says just the opposite of what many investors and gurus think.

Once a successful investor said: " Learn to like losses because they are part of your business.

When you gain the emotional stability to accept a loss without it hurting your pride, you are on your way to becoming a successful investor.

The fear of making a loss should be taken away before you become a good investor.

Learning how to take losses is one of the most important lessons you must learn if you want to survive as an investor. Nobody is 100% right all the time.

Never ever think that you will never lose. That's just ludicrous. Losses are just like profits, its all part of the traders universe.

Losses are unavoidable. Get over the loss and move on to the next investment.

Cheers


http://slmarketwatch.blogspot.com/2010/10/is-trading-business-three-key.html

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