Most people will scoff when you tell them they can turn mistakes into profits
And if you’re like most people (myself included) you hate to make mistakes.
Don’t worry, it’s natural and perfectly normal
But, take it from someone (yours truly) who’s made more mistakes than you could imagine, it’s easy to turn a mistake into a profit.
In fact, this is one of the great secrets most legendary investors practice. It’s how they became legends.
Their secret is so simple that you need someone to help you misunderstand it.
Because it starts with having a certain mindset when investing.
Similarities among great investors include not being afraid to take a loss and admit they’re wrong.
The problem most of us have is knowing when to take a loss.
Too often we become emotionally attached to a stock.
The problem then is how we continue to watch our losses increase while secretly praying for it to turn around.
As a result, we become paralyzed and do nothing.
Mistakes Into Profits
Let me ask you something: Have you ever seen a 10% loss turn into a 20-30% loss and agonized while watching it?
If so, then welcome to the club.
But, if you have a back-up plan (like the great ones) you won’t feel the pain. Instead, you’ll act.
This process all starts with a mindset that’s easy to implement…you just have to be willing to change how you think.
Learn how to make these subtle changes and avoid the beatings of the Boyz in the “Club” in our January Issue of Simplifying Wall Street…In Plain English (HERE).
It’s where we give you many examples to follow.
So, stop worrying about making mistakes and find out how to profit from them. (HERE)
Share this with a friend…especially if they complain about making mistakes when investing. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
~John 8:32~
