![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKLDp9HFz9-c5FcHhSZMxhwi6cRLYrlOsOVvFW1XpX52Sx6CpfGSnUY7YYDe2hcc8TqmaBc648HJNTZCB76sMdbvf2kNKvR8bLcSWIcX30zrHO01wmxAPCcJ_xj_VLOdyuI6u0KVvOmDSr/s280/ackerman072009a.gif.jpg)
As Richard Russell always stresses, succeeding in the stock market is a lifetime learning process. At age 84 or so, he is still working diligently at it. As we have all learned, making money in the stock market is not as easy as the hucksters would have us believe. Success comes not just from market knowledge but from learning from our mistakes. And it is critical to acknowledge that we all make mistakes. To succeed also includes knowing ourselves, especially the emotions which often rule our decisions. It can be just as important to avoid a disaster or to get out of a potential one than to have a successful trade. Just as in baseball, we aim to have a high batting average and to avoid deep slumps. And as an aside, (speaking from experience), this invariably means making sure your spouse is comfortable with your finances. (more)
No comments:
Post a Comment