Greetings! Today, we’re starting a new series on developing your success mentality for investing. It’s always smart to pay attention to the solid tips and strategies that help you make good investment choices. They’re practical tidbits of financial exercise which you can incorporate into your own stock market investing philosophy.
The Mentality Of Successful Investing
That leads exactly to where we’re going to start things off. Even though good tips represent solid ideas to pursue, any choice made begins with your own understanding of investing and the mentality that goes behind it.
Success is far more achievable if you can adjust your trading psychology for success and allow your behavior to work for you, instead of against you.
In the following entries of this series, we’re going to cover some basic concepts of having the success mentality of a high-roller.
Whether you’re starting off with investing and have no history, or you have plenty of experience and a rock-solid portfolio of dependable shares, you’ll find something to learn with the advice you’ll find in the articles that are to come.
Basically, we’re going to discuss how those investors who adapt a sense of courage, a flexible attitude, and allow their natural skills of foresight to develop into a useful tool for analysis are often the leaders of stock market success.
Focusing On The Big Picture
It definitely has been proven that concrete efforts such as crunching numbers and engaging in quantitative analysis pay off, but having the mindset to deal with investing from all perspectives gives you the ability to see complex systems and basic common sense side by side.
When you focus on only one or the other, you can lose out due either to obvious oversights or being oblivious to hidden methods with extreme profit potential.
Now that you got an idea of what we’re talking about, we’re going to get into the specifics and address several key aspects of developing your success mentality so you can make the most out of your money and know how to truly work the market for what its worth. Stay sharp and keep checking back for the next chapter in this ongoing series!
Sean Rasmussen
The Bullhunters Guide
Universal Wealth Creation © 2004 – 2010
{ 8 comments… read them below or add one }
I am grateful to be part of this program. Though I do not have sufficient funds to start investing immediately I am much interested and will be ready to invest using skills learnt when I save enough.
Thank you,
William Ross Waiembi
Hi William
Great to see you are interested in investing and it’s a pleasure to have you as a reader of the Bullhunter blog. I wish you all the best with your future investments.
Regards – Sean
Hi – just a short note to say thank you for this article. Very informative.
Glad you liked it Bradley. Keep working on the mentality side of investing and you will be much more likely to achieve success
Regards – Sean
Hi Sean
There is a mentality of stock market investing called trading psychology which accounts for about 70% to 80% of success in trading.
This is something that can be learned through many hours of practice with paper or simulated trading.
Some people cannot trade no matter how hard they try, they just find it too stressful. Other people learn the art of overcoming the emotions and can stay focused and unperturbed.
Most of us fall somewhere in the middle.
The common thread weaving through all the articles I have been reading – here at Bullhunteruniversalwealth, property options blog, stockmarketeducation.com.au and the blogs about IM – constantly reinforce that having the right mindset is fundamental.
Number crunching and good analysis I thought was key, but it makes sense when I read the above that a success mentality is also crucial – or risk aversion just takes a hold no matter how good the analysis is
Hi Sean,
Developing your success mentality is vital for becoming successful in any endeavour you choose. You have to get your mindset right first otherwise you won’t get the level of success you’re seeking.
I think with investing you have to deal with a lot of aspects all at once and the highs and the lows that come through making money in this manner. You definitely have to spend some time improving your mindset.
Mindset is key in everything we do. Trading is just another performance we make in life and if we have the right mindset it will just be another fun and interesting activity we will do.
I am ready to hear more about mind mastery Sean as it is something very dear to my heart.