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Chapter 10. Trading and Investing Psychology

Chapter 10. Trading and Investing Psychology

What kind of investor are you, or are you more of a trader? Are you in this for excitement or for cold-blooded profit? Are you mechanical in your style, or do you shoot from the hip? Do you like to build systems, or are you more motivated by making profits?

These are important questions for you to consider and answer with 100% honesty. You can save yourself a lot of time, money, and energy by not trying to be something you’re not! What you say to yourself is far more important than what you say to others, although that, too, is important! If you’ve tried to hit a homerun and it went wrong, admit it to yourself, take responsibility, and then you can set about resolving the problem. Many newcomers constantly try to hit homeruns or five-baggers and wonder why they have no trading capital left!


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