- "manage your money – not the market or others opinions. "
- “It is easy to
get caught up in what the market is doing and forget about what you are doing.”
- “As an investor I
want to manage my money relative to what I want to accomplish. What others
think is interesting, but in the end it is your money, your goals and your
decisions that matter.”
- “Use a defined
strategy for getting in, getting out, and a defined target/goal. Know why you
are investing… Focus on managing your money based on what
you want, and let others do what they want.”
about defining your comfort zone and learning to trade within it.
Here is an
intelligent post from The Kirk Report (link no longer active) with a different perspective. Please keep in mind that his advice is geared
to the experienced trader and rookies should first understand where their
comfort zone is before adopting his suggestions.
- “High achievers
(in life and in the market) frequently step
outside their comfort zone.”
- “The key for
today is to first understand what your comfort zone is and then take a step
outside of it.”
- “Remember, the market
doesn't reward comfort and decisions that ‘feel’ good.”