Sunday, August 9, 2009

Calling yourself an investor/trader 2009

There are two distinct traits I have found that you need to have to be consistently profitable in the wild markets we have and are facing.

1) Buying on down days with the idea that you are buying discounts with an expectation that the issues purchased are worth higher in the future.

2) Looking at missed opportunities and learning from the outcome but also acting on the next one. Not out of fear, but out of opportunity in the method that has been found to work according to one's psychology.

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