Financial success principles (part 2)
Lets shed some light on each of the principles of the mind map below This series is a brief attempt to provide a solid starting point for anybody who feels overwhelmed, of how to tackle the topic of finance and wealth creation as a whole
what is a principle beyond its definition to be found when googled and in context to investing? As traders/investors we are confronted with a counter intuitive world. We have no senses to experience probability thinking (thinking in sample size). Most actions to participate in the markets are counter intuitive. It is easy to say "keep your losses short and let your winners run" but our mind is hard wired to do exactly the opposite, so to actually follow a rule like this is almost futile. So which advice to follow? Whom to trust if we can't even trust ourselves. Principle can come to aid here-We will aim to create a cheat sheet if you may, of rules one always can rely on.
Principles as we define them to be in their ideal form are ultimate truths.
They can help one from an intellectually driven aspect to benchmark ones feelings against.A knowing or a concept of a complex matter summarized in a simple sentence and as such being usable as a helper when emotionally distraught or otherwise confused.
A principle can bring clarity in a difficult situation and principle based thinking can uncover sought after new principles and be a tool for problem solving and otherwise illuminating complex situations to make ones way through uncertainties.
The goal of this series is to support your thriving towards financial abundance by shedding some light on a few principles that hopefully could be as useful to you as they have been to us in the daily challenges of a trader/investor and in finding happiness in the journey through the financial markets and its mysteries.
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