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Good week, friends! ⭐️
The answer that received the most votes in our survey is - "25 insights you want to know at the beginning of your journey in the world of investing to succeed - and they cost us a lot of blood, sweat, and tears!" ☄️
So let's start the new week with the most important information we've ever written for you! 🚨
Distilled information that cost us many millions in tuition! ☄️
Information that if you apply it - you will become many times better at investing! 📈
✏️ Let's begin! ✏️
1. Keep a "regret journal" of investments you researched but didn't execute - track what would have happened if you had invested; this will calibrate your risk tolerance and decision-making. ✔️
2. Your best investment returns sometimes come from companies that cause you slight discomfort - those that feel a bit too expensive or uncertain at first. 📊
3. Create your personal ten commandments before making any trade - write down your iron rules and review them before opening any new trade. ✅
4. Study your investment mistakes in more depth than your successes - successes can sometimes be luck - but mistakes - reveal flaws in the decision-making process. ⚠️
5. The quality of investment returns is more important than the quantity - a stable return of 12% on a trade is better than alternating between a 25% profit on one trade and a 20% loss on another. 💡
6. Pay attention to what insiders actually do with their money - not what they say they are doing or will do in the media. 📣
7. The most dangerous time to invest is not when the market is falling - but when the market is recovering and everyone starts to feel smart again. 💡
8. Maintain 2 separate investment portfolios - one that follows your rational strategy and a small one where you can act on speculation - this satisfies the emotional urge to trade actively without risking your main investment portfolio. ✔️
9. Document your investment thesis in writing for every new trade - if you cannot explain why you are buying a new stock in three sentences - you should not buy it. ❌
10. Learn to identify when you are investing versus when you are speculating - both are fine - the problem begins when you mix them. 😈
11. Your best investment ideas will often sound boring when you try to explain them to others - and that is usually a good sign. ✔️
12. Sometimes the investments you are completely confident about - are the most dangerous - be objective, try to look at things from a third-person perspective - what would you tell a friend who told you they invested in your new stock? 🔥
13. When evaluating a new investment, dedicate time to study the competition in addition to studying the company itself - large companies are often crushed by competitors - more than by internal problems. 🩸
14. Do not invest in things you do not fully understand - no matter how tempting it seems! 🤌
15. The first hour after discovering a new investment opportunity is critical - always write down your initial thoughts - just before your brain starts convincing you why it's a good investment. ⏳
16. Create different thought patterns for different market environments - what works in a bull market often fails spectacularly in a bear market. 🐻
17. Pay attention to what large investors are quietly buying - not what they are publicly promoting. 💵
18. Limit the number of stocks you own and limit the frequency of trades you open - by doing so, you will focus only on investments in stocks you are most confident in. ✔️
- Imagine you inherit an investment portfolio identical to your own from an old person who decided to bequeath it to you because of your beautiful smile -
- Would you buy all these positions again at current prices? ❓
- If not - why are you still holding them? ❓
20. Track your investment decisions alongside your moods and personal life events - many people invest differently or emotionally due to life events without noticing it. 👍
21. Before purchasing any investment, write down - what would make you sell it? Your judgment is sharper before you own the stock. ✔️
22. The hardest and most important skill in investing - is learning not to take any emotional action during both bull and bear markets. 🕯
23. Try to develop a "average up" mindset instead of "average down" - adding to winners sometimes - works better than attempts to rescue losers. 💡
24. The investments that seem "most promising" - are often those that leave you more exposed to unseen risks. 🤌
25. Your information sources are dozens of times more important than your analyses - unique and high-quality information sources can often prove to be a springboard to success! 👑