By John Sage Melbourne
As quickly as money is dedicated to an investment,so is emotional bias. Money at risk tends to enhance pre-existing bias. All effective investors understand that they should preserve psychological balance and emotional self-control.
It’s tough to keep our emotions in check,especially when it comes to money. For most individuals,it takes a lot of work to make it,discipline to keep it,and intelligence to invest it. It’s natural to feel highly about what occurs to our money.
To counter this tendency,preserve emotional balance. Remember that prices are identified by the attitude of most of individuals instead of always the market itself,and certainly not in relationship to where the market is going to remain in the future.
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Markets are driven by crowd emotions
You need to learn how to act upon well-founded beliefs,not prejudices.Those who have suffered some loss,not always in relation to investment,but possibly due to a loss of employment or other,is likely to be more cautious. Those who have just recently made some gains tend to end up being over confident. Neither person is being unbiased.
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