Sunday, December 5, 2010

Tips to Help You Protect Your Investments and Minimize Stress

Tips to Help You Protect Your Investments and Minimize Stress ; What do you suppose would be the impact on your professional and personal life if for your whole life you were illiterate, and then one day learned to read? I'm not just talking about reading with speed and accuracy, but being able to comprehend better than ninety percent of the population in the world. Do you think that would make a difference?

Most people would say yes, realizing this would be a life changing event for them. But what if we were talking about investing? If you could learn how to invest better than ninety percent of the investors in the world, do you think that would change your life for the better?

If the answer to this question is yes, then I am going to make you a promise. If you pay careful attention to some simple steps and commit to following the risk management rules outlined in this article, then you will do better than ninety percent of the investors who put their money at risk in the market.

The most important thing that I have learned in my twenty six years in the industry as a professional trader is that the main difference between the successful investor, and the unsuccessful investor, is that successful investors have learned how to minimize their losses when they are wrong. Think about this for a moment. If you were able to go back in time and eliminate two or three of your biggest losses, how far ahead would you be in your investments today? Right about now you might be saying, "Eliminate two or three of my losses? Heck, I'd be happy if I could eliminate my single biggest loss." Read More .......
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