Australian (ASX) Stock Market Forum

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Your feelings


Good investors tend to be amateur psychologists. Not only can they understand the emotions that are driving the market, they also can objectively consider their own emotions and feelings when the impulse to act occurs. When you are trying to make decisions about the market based on your view of the prevailing mood, sentiment, and/or psychology, you have to be particularly aware of how your feelings affect your thought process. This is true whether you are making money, struggling with big losses, or riding a long winning or losing streak.


Skate.


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