bosley
- 19 Sep 2005 12:21
- 9 of 12
very well put , ethel. as a wise man once said, " if you cannot control your emotions, you cannot control your money." this is one of the things i am learning, not to get emotional about investing. it's a very difficult thing to do , especially when there is very significant movement in its sp. big upswings bring tremendous joy and elation, big downswings, tremendous bitterness and despair. i think it's fair to say most of us have been there. as part of the learning process you start to realise the importance of stoplosses, the importance of patience, and the importance of research. in many cases, if people are honest, bad investmenst are often the case of not enough, or incorrect, research.
anyone else?
jimmy b
- 19 Sep 2005 13:07
- 10 of 12
Iv'e actually learned much more from my losses than from my gains, so now each year i set about minimizing my losses ,you can often see where you went wrong (and thats not just in hindsight) it's lessons learned....
Anyway bos there is not much psychiatry going on here , i'm waiting to here some juicy problems.
bosley
- 19 Sep 2005 13:48
- 11 of 12
it's a good point to start, the psychology of investors and investing. but i agree with you, some juicy problems would be good.
so, james..... tell me about your childhood............ were you a a happy boy?
jimmy b
- 19 Sep 2005 14:43
- 12 of 12
bosley ,, i had it hard , if i tell you ,,you may be reduced to tears..