investment

Emotional literacy: manage emotions and increase profits

“When one door closes, another one opens; but we so often, for so long and with such regret we look at the closed door, that we do not see those, that open up for us ”. – Alexander Graham Bell Successful investors and traders know the pain of regret. They looked at the closed door, probably repenting, what did not buy Dell in 1993 or that didn't short the NASDAQ in April 2000. Regret – psychological pain, which comes, when you understand, that you made a bad decision, when it was possible to do everything differently. Emotionally savvy investors know, that you shouldn't look at a closed door for too long, to learn from mistakes.

Golden words about the exchange

According to Buffett, long-term investors are needed for the overall health of financial markets, looking for long-term prospects and making appropriate investments. “The Warren Buffett Way”, Robert G. Hagstrom Jr.All professional players (alone – before, other – later, and still others – regularly) are experiencing total bankruptcy. The reason is – their ability to voluntarily put every last penny on the line, even if the odds of winning are dubious. “Stock speculator universities”, Viktor Niederhoffer The game of professional investing is unbearably boring and overly demanding for everyone, who is completely devoid of player instinct. Same, who is endowed with this instinct, forced to pay the appropriate price for their addiction. “Exchange – game for money”, Adam Smith

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