05/07/2022
We do not need to be smarter than others. We need to be more disciplined than others.
Discipline is what distinguishes a successful investor from an unsuccessful one. Choose the stocks you own, analyze different companies using the same methodology (whatever it is, you can develop the methodology yourself), and buy only stocks that meet all your criteria. Having bought the company's shares, clearly define for yourself what you will do if the share price goes up or does not develop.If you decide to sell stocks, if their price drops by 10%, be sure to sell as soon as it happens. If you are not disciplined, the stock price will fall by 20-50-90%, and you will continue to persuade yourself that "someday growth will begin." Lack of investment discipline is the shortest way to profit.
