Doug Hirschhorn, the author of 8 Ways To Great, just published an excellent article about paying the price for buying into five common irrational beliefs. What follows is a list of these beliefs. It should be fairly easy to see why these are irrational but we do thank Dr Doug for reminding us of our need to remember them.
1. What goes up must come down and vice versa.
2. You have to be smart to make money.
3. Making money is hard.
4. I have to have a high winning percentage to be profitable.
5. To be successful, I have to trade without emotions.
You can find the details over at his CNBC guest blog post entitled Hirschhorn: Irrational Beliefs.
Look for my soon to be published exclusive 30 minute interview with Dr Hirschhorn. You won’t want to miss it.
