Investing 101: Don’t Be a Liar (to yourself)

If you want to have success with your investing and trading, as obvious as it may see, you can not be a liar to yourself! I realize that when we all get started in investing and trading, it seems like such a silly thing to do, to lie to oneself. I assure you, it happens all the time and most people are not even aware of it. I admit, as of now I’m “saying stuff”, but let me show you a real world example of exactly what I mean. As you’ll see, this person is being a liar to themselves and it’s not going to do them any good in the long run. It’s okay to make mistakes and be wrong as an investor. But, you need to be honest to yourself and admit when a trade idea and investment is not correct.