Independent thinking are the qualities needed to make a successful investor. Each investor should check themselves regularly and try to practice more before finishing their every investment decision.
1. Independent thinking and decision-making
Successful investors usually have a neutral reaction whether they get or lost. They do not abandon their investment strategy just for a few failures and not too confident as the victory. Always remember that, even though others may disagree or negative opinion of you no decide your work do right or wrong. The core issue of concern is the accuracy of your analysis in each study.
2. Set up a clear plan
Successful investors know that investing always has two sides. The future is unpredictable and so they are always prepared for it. Normal investors try to predict investment results. But smart investors are doing the opposite, they prepare for the best and worst case.
That's reason that successful investors always make money when the market goes up and earn even more when the market goes down. So, if you want to succeed, be prepared to withdraw the plan before investing in anything.
The only way to win in the investment business is work to hard and have insight in all aspects of the problem. If you want to be quick thinking, always put the question: "Why?" and try to find satisfactory answers.
3. Humble and willing to learn
Successful investors often study continuous. They spend a lot of time to research than the average investor. They know that their knowledge is never enough, and they are learning at any time.
In the investment world, humility is almost the most important qualities for each individual. Thus, you know where you are wrong, to learn anywhere and always keep calm when c
onfront the enemy .
4. Patience
When you wait forever still not found a good signal from your list then do not give up. Remember that even Warren Buffett's success today has also failed in the past and must learn to be patient through the difficult period.
5. Assertive
Expressing cautious attitude while others be greedy, but become resolute if the enemy be coy in any deal. Opportunity to unnatural, so we must seize immediately upon seeing them.
6. Ready for the change
None of us like the change, especially when it directly affects their pocketbooks. However, to become strong and successful in the market, investors have to train the high adaptability, ready to deal with any incidents that happen.
7. Highly concentrated
Andrew Carnegie said: "Those who succeed are those who choose a path and get it tied."
You need to think of everything simply and always keep in mind the goals to follow. A smart investor will be faced with challenges, overcome it and learn how do not go backward on the chosen path.
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