Wednesday, May 31, 2006
How to Make Money in the Sharemarket Part-6
The gambler will eventually give his winnings back to the house because they do not have a plan and trading rules which help them develop self-discipline. The most important quality to develop if you seriously wish to be successful in the sharemarket is self-discipline. Although this is easy to write
in words I assure you that developing personal discipline is very hard and to carry out actions without involving emotion can be next to impossible. We are often ruled by emotion and we hate to admit we have made a loss - thus, often we won't do what we should to rescue our remaining capital. This is how a little loss becomes a big loss over time.
Master yourself - your emotions will help you lose money. The more you think with your emotions and the more you make decisions with your emotions, the more you will lose.
Find out more about The Cash Edge
in words I assure you that developing personal discipline is very hard and to carry out actions without involving emotion can be next to impossible. We are often ruled by emotion and we hate to admit we have made a loss - thus, often we won't do what we should to rescue our remaining capital. This is how a little loss becomes a big loss over time.
Master yourself - your emotions will help you lose money. The more you think with your emotions and the more you make decisions with your emotions, the more you will lose.
Find out more about The Cash Edge
