This is an interesting chart that I saw the other day. It summarized the typical psychological events that went through in minds of traders. It shows the mistakes that traders and investors of all skill levels can make.
It could be a viscous journey like this but with a clear plan of why you made decisions and don't let emotion to lead your actions, you will feel better and confident. It takes patience, discipline, and confident executions to make a worth of this journey. No body knows when it's absolute peak or bottom, but who said that you must selling at peak and buying at bottom in order to make a good investment. Set greedy asides and find a path in the middle that you feel comfortable. When most of people become pessimistic, it is the time to shine.
It could be a viscous journey like this but with a clear plan of why you made decisions and don't let emotion to lead your actions, you will feel better and confident. It takes patience, discipline, and confident executions to make a worth of this journey. No body knows when it's absolute peak or bottom, but who said that you must selling at peak and buying at bottom in order to make a good investment. Set greedy asides and find a path in the middle that you feel comfortable. When most of people become pessimistic, it is the time to shine.
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