Forex, Gold, Stock
No Comments Mistake #4 – Getting tunnel vision for your bias
Solution:
Remember that gold prices can move up or down.
Most investors won’t acknowledge that an asset could turn against them. They invest assuming they’ll be successful, refusing to look in the rearview mirror. It’s also common for emerging traders to use a calculator to predict how much they’ll make and how they’ll spend the unrealized profits! Whoa! It’s dangerous to anticipate how much you’ll make in advance. Gold bugs are not immune to this kind of starry-eyed conclusion. Gold has a particular allure and luster that spans centuries and it is easy to get caught with gold fever. The problem is, it hasn’t been that long since gold was at record low prices. Read more »
