Going back to investing or trading I said that you can compare it on real life. The development of one's morality. How did I say so? Investing and trading are all about learning. The longer we are in the market the more we learn. This is an unending path to learning. Like technology and education they become obsolete as well. The system or knowledge you are using today may not be applicable in the future that's why we need to be more adaptable, flexible and always humble. Another thing that investing and trading helps us to develop is discipline. We need to have the patience on when to enter and when to exit the market. We need to know that Rome is not created in one day and wealth is not also built in one day. We need to make a set of rules where we will buy, when will we trade, when will we just check our port and when we will not trade. Where we will not be impulsive and not use all our money just so we can say that we are inside the market. We need to build our system. One that define on what type of personality you have. One that is simple for you to follow.
Another thing that we can relate this in life is building connections. Connect with people with the same interest with you. Someone who you can share ideas with. Someone who you can tell all your experiences with. You can talk about a system, stocks, life, businesses, somewhere where you can grow and expand your knowledge about the market. After all everyone has their stories to share. If you don't agree their ideas then just listen and respect them. Also don't rely on them on picking your stocks. You should also study the stock. If you like it then buy it using your own system of buying. Don't buy it right away.
Last but not the least, You need to have conviction on your chosen stocks. You only need to choose the best ones. Something you think is the one that will make you happy, the one that you really trust of, the one that you know will make you have a good sleep at night.
3 Comments
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