How important is it to have the right mindset for investors to achieve investing success?
According to Jim Leitner, that is the key thing that can differentiate who would make big money in the market. Leitner, an eminent macro trader, says an investor must not let emotions get the better of them while investing and should accept the fact that she is bound to incur losses from time to time in the investment journey.
He says investors should not let bad days impact the way they would approach market in the future.
“I was absolutely unemotional about the numbers. Losses did not have an effect on me, because I viewed them as purely probability-driven, which meant sometimes you came up with a loss. Bad days, bad weeks, bad months never impacted the way I approached the market the next day. To this day, my wife never knows if I’ve had a bad day or a good day in the market,” he said in an interview toSteven Drobny, which was published in Drobny s bestseller