Thursday, October 30, 2014

Investing: Do You Have Trouble Admitting You Are Wrong?

Your personality makes a difference. You have to look into the mirror and be absolutely candid about your own attitude toward risk, your ability to admit to having made a mistake, and your willingness to stray from the herd. If you have trouble admitting you are wrong, commodities will be as hard a school as any other investment area. Experienced commodities traders know that they will be wrong lots of times.

Related commodities: Nymex Crude Oil Futures, Gold Futures, nited States Oil Fund LP ETF (USO), United States Natural Gas Fund (UNG)