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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Junkyardawg who wrote (12475)2/7/1999 11:07:00 AM
From: McHugh  Read Replies (1) of 90042
 
LACK OF KNOWLEDGE

Lack of Knowledge knowledge breeds lack of confidence. Lack of confidence breeds doubt. Doubt breeds fear. Fear is what prompts us to sell as soon as we've made any profit at all (because deep down inside we're convinced that we really don't know what we're doing, and whatever profits we have are the result of pure luck).

We all lack knowledge of something, so it never really goes away. But, if you can label the feelings, they are more easily recognized the next time they occur and you can file them away in their proper places rather than allow them to overwhelm you and cause you to do stupid things.
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