Craig
Favorite Answer
My approach to investing is similar to when lending somebody money. I never put forward cash that I'm not prepared to loose.
Sharif
We can control our emotions in stock investing by taking deciosions.
A nobody
I started investing in the seventh grade. Before I spent any money my father gave me five rules that I had to know and had to have the discipline to follow them. Without discipline one will never be successful.
1 -Know what you are doing, why you’re doing it and how to do it.2 -Have a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. And have the discipline to follow such a plan. Primarily never trade on emotions. Before you take any position, know when and where you’re going to get out.3 - Sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest.4 – Have a written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested.5 – An understanding of the rules & regulations that govern what you're doing.
Christin K
Control your EMOTIONS? Like disappointment or anger? or like joy and being happy? If your emotions are expressed because you make good or bad trades, who cares? If you're boss or supervisor is asking you to tone it down when on the phone with a client, that's different--but it's not what you asked. No one will care if your emotions come forth if they aren't your client. They will only be concerned if it affects your work as a trader.
kswck2
It takes some self control. You are investing for an Eventual outcome in your favor, not a quickie on the next best thing.