“East Asia Economic ONLINE column currently published” The ultimate goal is to create the rules.
Good morning, this is Matsushita.
Our ultimate goal as investors is to
create rules.
Rules are the standards and reasons for taking action.
They are the criteria and justification for our actions.
Many investors
struggle with,
“There are no rules, I can’t create them.”
“I can’t follow any rules.”
In other words, there are no standards or reasons behind daily investing actions.
And they end up losing money.
“I’m buying and selling without a reason and losing money.”
That’s unpleasant, isn’t it.
We want to break out of this quickly.
Rules are the standards and reasons for our actions.
If we can create rules that generate profits,
we will be in a state where we are
“buying and selling with a reason and making a profit.”
This is the aspirational image of a successful individual investor.
That’s why investors strive to create rules.
If they don’t, it’s tough.
Regarding rules,
in the free Stock/FX Starter Course Chapter 3
we explain them, so please watch the videos below.
For stock investors: “Thinking about Rules”
For FX investors: “Thinking about Rules”
Rules have four benefits.
1. Makes the process of buying and selling easy and straightforward
2. Reduces the time spent on trading tasks
3. Enables checking and validating trade points and performance
4. Makes review and adjustment simple when problems arise
Of course, it’s obvious that they help us earn profits.
That’s why investors who have achieved profits say,
“Rules are essential in investing.”
Instead of daily worrying about whether prices will go up or down,
focus on creating your own trading rules as the ultimate goal.
If you don’t, almost all of your daily efforts will end in vain, as market history
eloquently demonstrates.
Creating rules that generate profits is the ultimate goal for investors.