Barriers are those characteristics we possess that keep us from achieving success. All investors can make a list of the barriers they have to overcome before they can achieve their goals. Actually knowing the barriers is the first step to removing them. Many people, however, struggle as they repeatedly make the same investing mistakes. Usually the reason is they have not identified what keeps them from investing success.
Many investors base their decisions on emotions, rumors or chasing the next hot opportunity, and they often end up losing money as a result. But despite their setbacks, they continue with the same behavior and keep getting the same results. Removing the barriers to success is crucial to changing investors' behavior and enabling them to become successful. All investors, no matter how successful, must strive to continuously remove new barriers as they appear. Read on to discover how to uncover and remove any barriers to success you may have.
Then there are the investors who hold on to losing investments for too long. They hope that if they wait until their shares recover, they can sell to at least break even, sometimes even adding to a loser. Meanwhile, their capital is tied up in a losing investment and is, therefore, unable to produce a return. This reduces account balances and increases stress levels. Most investors cite holding investments too long as the mistake that was most detrimental to their success.
Many investors base their decisions on emotions, rumors or chasing the next hot opportunity, and they often end up losing money as a result. But despite their setbacks, they continue with the same behavior and keep getting the same results. Removing the barriers to success is crucial to changing investors' behavior and enabling them to become successful. All investors, no matter how successful, must strive to continuously remove new barriers as they appear. Read on to discover how to uncover and remove any barriers to success you may have.
Then there are the investors who hold on to losing investments for too long. They hope that if they wait until their shares recover, they can sell to at least break even, sometimes even adding to a loser. Meanwhile, their capital is tied up in a losing investment and is, therefore, unable to produce a return. This reduces account balances and increases stress levels. Most investors cite holding investments too long as the mistake that was most detrimental to their success.
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