One mistake that many traders make is that they often look at the world for what they want it to be, rather than for what it is. This results in making decisions that are coloured by their personal biases regardless of what the facts say.
Of course, in the world we live in now, there are various versions of the same facts. It helps to keep asking yourself objective questions to help you arrive as close as possible to the truths.
For example, some may harp that inflation is going to be worrying for the economy (and they have been doing just that) and position themselves based on their worries instead of what is actually happening in the economy - relentless printing of money that will lead to inflated asset prices.
Do not be blindsided, just focus on being rich instead of being right.
NEA Price at posting:
$1.89 Sentiment: None Disclosure: Not Held
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