I read a book called "the Path" by Peter Mallouk and Tony Robbins.
It's in chapter nine, "It's All In Your Head," that I want to share my thought today.
Self known is the most crucial thing in this chapter. And So, in investing.
Yes, you may think that more knowledge, research, investment advisor, financial guru, and many other technical things will prevent you from making mistakes. Well, it's not the truth.
We forgot that humans act based on emotion, not facts. Our emotions drive us to achieve some goals, sacrifice ourselves in an organization, and many other things.
So, That's why Self known is essential!
Before you decide to enter the stock market, make sure that you're making some rules on your investing method. When to buy, hold, and sell.
Because in making the rules, you are outside the market, it will help you create the rules more rationally!
Outside this chapter, I've read that Warren Buffett is even thinking of the price he guesses first, then he looked to the stock market how much the company's shares he wants to buy.
For me, that's an excellent example to follow. Since 2020 I follow those steps after I read "Buffetology" by Marry Buffett.
Next week, I will share fear, greed, and herding for you.
Cheers! Create your own rules and know your behavior. That's one of many ways to not mess up in the market.
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