One major thing that all the investors must learn is that attitude really matters.
In fact, in investing it is simply amazing how much difference an attitude can make!
There is a basic and consistent feature among investors that are successful:
An investor with a positive (optimistic) attitude is more likely to make money than one with a negative (pessimistic) attitude.
He is more likely to focus on bad investments rather than good ones.
He is more likely to think he is always right, rather than learn from others.
He is more likely to lose money, given the same recommendations than someone who has a positive attitude.
He is more likely to be mad or upset or stressed out at the end of the day and more likely to bring that back the next morning.
On the other hand, the investor with an optimistic attitude realizes that not all choices are winners, that over the long run, with patience and discipline, he will make money.
He sets aside his pride and lets himself learn valuable investing lessons.
He understands that everyone makes mistakes, including himself and realizes that if you learn from a mistake, it can be a good thing.
He is more likely to make money, given the same recommendations than someone who has a negative attitude.
He is more likely to be happy at the end of each day, and more likely to start investing with a positive attitude the next day.
These cycles continue on and on and on...
That is why most successful people are optimists and most unsuccessful people are pessimists.
Investors must learn the value of this quality and always look on the bright side of life!