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The Principles of Disciplined Investing and Risk Management
An investor focuses on long-term value and fundamentals, while a speculator gambles on short-term price movements. The essence of investment management is the management of risks, not the management of returns Returns will follow if risks are managed properly. A sound strategy mitigates losses while ensuring sustainable growth.
The Price you Pay
Trading requires finding an edge and consistently applying it with patience, discipline, and a focus on minimizing losses rather than quick riches, as emphasized by Bernard Baruch’s wisdom that the forex market humbles even the most confident traders.
Assert Yourself: Believe in Your Abilities and Stand Strong
Don’t be afraid to assert yourself, have confidence in your abilities, and don’t let the bastards get you down
Start Doing: Actions Speak Louder Than Words
The way to get started is to quit talking and begin doing.
Webinar: Financial Management
A Morris A Santiago student , Christian Papworth, ICAEW tutor at Kaplan Financial, gives us an overview of the Financial Management module.
Emotional discipline Key Success
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.
Investment Psychology
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.
Always Dreamed And Never Give Up
When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick…
Always be Patient
The question should not be how much I will profit on this trade! The true question is; will I be fine if I don’t profit from this trade
