Data:2009-12-12 2:34
Category: Money Tips Date: 2006-09-13
Law 9. Best position is expected to occur is that optimism, and confidence is to know how to deal with the worst situation. Should never be taken because of optimistic speculation.
Optimism into the often the subject of praise, but in the money world, the over-optimism does not bring you something. Quotes of the elections of 78 years, for example, the bull with long red extreme optimism brought about? When everyone caught the mood of extreme optimism may wish to do the reverse thinking, perhaps the opposite is true.
When Everyone is optimistic, they would make it easier to lose independent critical powers. Engaged in speculation, we might first think, and when the situation deteriorated to how to deal with? If we can find the answer, you become a confident and speculators.
Law 10. Do not follow the crowd, they will make mistakes.
This attitude of people who are often accused for being too conceited. In the money world, is not a conceited person's shortcomings. However, when an individual's views and the masses are different when, it will certainly cause considerable pressure on their own.
In the conceited there is a principle can be established, which is the best approach is often the time when the people are unwilling to approach the moment. Looking back 78 years, the Taiwan stock market on November 14 index fell in December peak l0499.58 points l1 day of 8176.08 points, when the pessimism of the most intense time, whether it is the best time to approach.
Law 11. Do not be discouraged when you fail, try to forget the pain of failure, re-again.
With the saying goes, is to have perseverance. Never engage in speculative activities can feel a successful psychology. Many prominent traders on Wall Street have on several occasions earlier bankruptcy, but they are able to continue to attempt to learn and change their personality, and finally excel.
But the persistence and intransigence can not be confused. A typical stubborn does not recognize the mistakes of their own speculation, and even envisaged to bargain hunting, lower the average cost. This approach will be deterioration in the situation seems to be particularly heavy and even a costly exercise. Note that the difference between it and the law 3.
Law 12. Long-term plans can lead people to generate future entirely in the hands of the illusion, and never want to make their own long-term plans.
In fact, you really need long-term plan should be based on money itself, as a focus of concern. That is, to get rich will. To try to avoid engaging in long-term investment, as long as there is a good opportunity to aggressively invest in, the situation deteriorated immediately withdraw. People should always maintain a high degree of ambition to get rich.
How to get rich is impossible to know in advance or plan, you need to know to do just that, short, one day you will be rich. British economist John Maynard KEYNES quote a phrase saying: "We all died a long time."
