Tuesday, December 28, 2010

Investing Success - How to Know if You Have It

Ever since my first losing trade, I hated the feeling of losing money. I continued to look for ways to lower my risk of loss, knowing that there were always going to be losing investments.

As a result, I learned that you can't measure progress if you don't have a stable starting point (current state). And measuring your success and failures is required if you want better results, investing or otherwise.

And in turn, I steadily increased my use of processes for investing.

So it was great to read the following blog post at The Reformed Broker: Trade School: If It Can’t Be Measured, It Can’t Be Managed.

If you're not measuring both successes and failures, how on earth can you manage your portfolio or trading account?

Start 2011 off on the right foot and start get things stabilized by making your list of personal finance goals TODAY!