During days like these, a good night of sleep helps. Watching everything that is taking place reminds me how important it is to just “sit on the sidelines” and wait. I’ll work like hell while I’m waiting but in reality that’s all anybody should be doing. Often it’s best to observe, listen and read what others have to say. Some of the most “prolific” of the traders we watch, the market prognosticators and more are doing just that. Maybe they’re taking the time to understand their emotions. If they are they’re spending time wisely and so should you.
With that in mind, since I just finished this portion of my upcoming educational work I thought it best to review one of my favorite topics, self-confidence. Without a doubt, it’s the most important positive quality you can possess. If you do not exhibit a strong dose of self-confidence, the chance of others following you, believing in what’s being preached, chances are no one will listen.
Self-Confidence Rules
In the first chapter of “The Ticker’s Bible” as well as the beginning of both courses I am assembling, emotions are in the forefront. “Investing & Trading Psychology” takes the stage for good reason. It’s the most important part of anyone becoming the “best damn trader or investor” they can possibly be. I title this section as follows:
Investing & Trading Psychology
Self Confidence
What It Is & What It Isn’t
What follows is simple. Those taking self-confidence to heart realize how important these inferences are.
Self-Confidence Is
Feeling Good About Yourself No Matter What
Accepting Your Strengths and Weaknesses
Valuing Who You Are Regardless of Whatever You Do
Being Worthy of Others’ Respect and Friendship
That’s right, if you’re self-confident you value and feel good about yourself, you accept your strengths and weaknesses and respect others. Take your time to examine exactly what this all means. Do you possess these qualities? I hope so as it’s a “great place” to start. Self-confidence rules this world and without it most simply just go with the flow.
Self-Confidence Is Not
Living a Pain Free Life Void of Problems
Believing You’re Invincible or Perfect
Achieving Unrealistic Expectations and Results
Being Selfish
Nope, being self confident doesn’t mean you live without pain, you are not invincible and you are not going to achieve unrealistic results. Above all, self-confident people are not selfish. Selfishness is not a trait you want to exude. No one likes it, even me.
Self-Confidence Enables
Awareness
Inner Peace & Balance
Happiness
Assertiveness
These are good traits to have as they are positive emotions that help to make you the “best damn investor or trader” you can possibly be. It all starts with being a “person” who is self-confident. When you are happy with who you are these emotions emerge and are observed by everyone.
Self Confidence Avoids
Doubt
Apathy
Anxiety
Inferiority
These negative traits or emotions are the ones you need to avoid to be great. It seems to me that everybody possesses many negative emotions to some degree. How each of these are evaluated and handled makes the difference. Self-confident individuals will handle these negatives in a way that minimizes there effect. You should too.
There’s lots of emotions out there, good and bad. To become the “best damn investor or trader” you can be it’s best to minimize the “negative” emotions and build up the “positive” ones. It’s simple but first you need to drill down and discover who and what you are, what makes you “tick”.
Well, back to life as I know it today. I’ll be writing, publishing, drafting and recording a few more videos, courses and articles because there’s a lot in 55+ years of experience to “give back”. It’s taken me a little longer than I thought it would but that’s OK with me. I’m confident in what I’m doing and the tens of thousands of you who follow me tell me I’m on the right path. Be well and as always, thanks for your support.
Angela Lansbury was “Mame” and no one ever played the role better. It is important that everyone does what she suggests and “Open A New Window”. When it comes to the investment world too many participant skip the essentials. They look at technical charts, fundamentals and more. For some reason they skip the most important part of what’s inside of them, what makes them tick. Once they drill deep down inside their emotions they better learn why they act the way they do it. I was very fortunate to be taught the “right way” by those who understood this. I’m just trying to “pass it on”.