It is "the have to be right". Now that possibly wasn't quite what you were expecting. You may have thought it was going to be something similar to not picking the trend or putting too much cash on a single trade or one of twelve other things. But I'm able to assure you, from sour experience, this one perspective causes more issues than most other stuff you could do as a trader .
Something to do with ego or testosterone. Your folks rewarded you when you're right and told you off when you were "wrong". From your earliest days at class you are taught that being right is the most vital thing. Isn't that what tests teach you? And this is strengthened thru the remainder of your life. Investors. Your chairman probably reminds you of this virtually each day. But some of the finest things happen when we're not right. Don't Beat Yourself Up or the Market Will join In.
This is where you,"The Merchant" comes in. By making funds briefly avaliable to the Worldwide Exchange Network creates float. The funds you lend to the network are often returned in a twenty-four to 36 hour timescale. As an example, by pushing $100 in INTGold to someone else in exchange you recieve a fee of $3. On top of building float, your investment is compounded daily and you simply make gains of. Remember the better part about this is that is compounded daily.
How much are you able to start with? You can start with as little as $25. In the market you are unable to afford to hang onto the necessity to be "right". If you are holding a stock and you are expecting it to go up in price but it starts to go down, what happens? You tell yourself that you know what is going on to happenthe market's just confusedit's just made a boo boo. ( absolutely illogical reasoning - the market can not ever be "wrong" - but it is sensible at the time. It'll mean you can miss opportunities you must have taken because your perspective was the opposite of what really occurs.
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