Many people have sought to discover the greatest secrets behind successful investing. Many have sought to learnt technical and fundamental analysis or even pay some experts thousands of dollars to learn to be a successful investor. Does understanding the stock markets, technical and fundamental analysis, stocks really help one to become a successful investor?
There can be no denying that all the above are helpful towards one’s investment. And I want to highlight one even more important point for successful investing and that is none other than to understand one’s self.
Understand one’s return-risk profile, understand one’s preference for trading vs a “Buy and Hold” approach. Understand one’s preference for cyclical or blue-chip stocks. All these are reall important when one investor for I believe investing is really an emotional affair. One can be greedy chasing after trading profits or do not like to have their trading positions below their ......