Hello themickey,
Why would I change the way I think at older age?
I will feel and think that way my entire life. What age has anything to do with it?
The Psychologist Who Turned the Investing World on Its Head
- Thread starter ajacobson
- Start date
Why would I change the way I think at older age?
I will feel and think that way my entire life. What age has anything to do with it?
Generally as one gets older they get a tad wiser.
I'm guessing maybe you didn't have any or many older role model people about when younger.
Money as your one and only true love and owning material posessions as a predominant goal in life - well everyone to their own.
There's no doubt being financially well off is comforting but no love other than that. Not a good anchor for your soul imo, it seems a bit empty.
Willing to give a struggling day trader a few hints?
LOL... there's only one piece of advice I can give you - and I learned that from reading lots of Kahneman - and it sounds like you're half way there. Get to know yourself.
I can't help anyone trade any more than I can pick them a mate or a pet. Everyone has slightly different views, expectations and feelings when they have positions on. And those feelings change as the position gets better/worse or much better/much worse. One small example I learned about myself years ago is that I can't let winners run. I would never be able to buy a stock at $10 and let it run to $600 because I'll always sell it at $40.
There is a fundamental difference between rich and wealth.
Good Morning semperfrosty,
I disagree with that statement in your picture.
That statement in your picture is sounds weird.
There is no greater feeling in the world then being rich..it's all that matters in life for me
Being poor is not good feeling. Especially if you live in America like me and born here.
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