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18-06-2014, 04:23 PM
(This post was last modified: 18-06-2014, 04:25 PM by Temperament.)
(18-06-2014, 12:32 PM)specuvestor Wrote:Yes though we should always look forward but "once bitten twice shy". Without ability to recollect our past, we are doomed to repeat our mistakes. Fortunately, the same ability of recollection also helps us to repeat some of our successes.(17-06-2014, 11:17 PM)safetyfirst Wrote: I am also not too sure but i know i have a tendency to remember my winners and forget about my losers.
It is actually a very important psychological traits: it helps us to be optimistic and move forward, and helps to erase painful memories. In general psychologcial pain last not more than 18 months, from child-birth, break-ups etc.
It is however detrimental if we don't learn our lessons and we have to relearn again and again... That's what set good investors apart from the normal psychology
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.