facebook  youtube  blogger

Trading Educators Blog

#1 Trading Blog Site

The Myth of Making the "Right" Decision

We all face big choices throughout the course of our lives. Whether the decision involves career, business, investing, or family, I find that many people place too much emphasis on that one specific choice as the be-all, end-all. In reality, following through on our decisions is the most important step in the equation. It's not so much about making the "right" choice, but instead about choosing the option we feel will work out best -- as long as we pay attention to and put our greatest effort forth.

Remember, no one succeeds in every single aspect of their lives. I know people who are great with money but their family life is a mess. I also know people who are financially unstable but have an extremely healthy family life. I even know people with great careers who earn good money, but fail time and time again in their investing. Many of these folks could greatly benefit from a mentor or advisor -- be it for their career, investing, or personal lives. The problem is, most people are generally reluctant to accept help (or even seek it out).

The question then becomes, is it that these folks are making wrong choices, or that they're just not following through with their decisions? I find that in majority of cases, the latter is true. Deciding to put money to work in dividend stocks is a great choice, but if you don't actually put your will into action, what have you really accomplished? Even if you make the "wrong" decision, your future actions can turn the tide to the positive side of things.

In the end, you must hold up your end of the bargain. Do everything you can to make sure your life decisions work out for the best -- in your career, investing, and personal life.

Sign up for our FREE weekly Chart Scan newsletter.

Master Trader Joe Ross wants you to learn trading and he created products to do just that, teach you how to trade. Go to our website to find which ones best fit your trading style. Check out "Our Philosophy".



No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, 25 June 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.