Cure For Shell Shock Investors And Trader

Wealth, Freedom & Options With Joshua Belanger

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9+ y ago 3:03

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Likely you've had a large loss that may have either blew out your account or saw your life savings slashed more than half. For some, they become shell shocked after that experience. In no way am I comparing the trauma World War 1 soldiers endured to the loss of money in the financial markets. War is the ultimate extreme, but this was the only example I could think of on how significant losses affect those who have endured them. What usually happens is that most, when they start out, want to generate instant profits now! So they don't take the time understand how to manage risk or know how they will react when a position does go against them. They take on too much risk, and the odds played against them, which forced a massive loss. Those who go big, lose big. It makes us feel like the unluckiest person ever, but it's just odds. If you sit at the table long enough, it will always turn against you. I had this happen to me in 2010 with enduring the largest loss I've ever had with a position in the stock BP p.l.c. After that day, I vowed to learn from that mistake and never allow it to happen again. That loss rocked my confidence. I was embarrassed, ashamed and disgusted with myself. There I was a so called professional and expert, and I just wiped myself out. It took me a while to learn from it, forgive myself and move on: but I'm glad it happened to me then and not further down the road. That is the thing that cripples investors and traders right off the bat. They take a significant loss and mentally they are not able to overcome it. It takes so much of a toll that they become so risk adverse they never do anything with their money. They worry more about losing it, then trying to gain. That is why it's so important to start out small and always stay small. Then there are some who start to make progress after a large loss, but then lose their gains because they got cocky with their success and then leverage too much because they are trying to make back that "lost money." Lost money is just that, lost money. That battle is over; there's nothing you can do about it. However, you can control what happens going forward with focusing on staying consistent and doing the right things that will help you create success. If you're seeking that blueprint which will help you avoid blowing out your account or become so scared to manage your money that you will pay to professional to "protect" your money, then this book is exactly what you'll want to get right now. http://www.FearlessInvestingWithOptions.com To your wealth, freedom & options! Joshua Belanger

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