You don’t have to be a rocket scientist to realize that we’re all equipped with five major senses consisting of the ability to see, taste, hear, smell, and feel.
Within those five senses, some people are gifted with a stronger sense of smell, or hearing, or seeing, while others may lack in those areas.
However, we all know that one person who seems to have a “sixth sense” when it comes to acting on their instinct or hunches.
Ironically (or NOT), we tend to think that the person with a sixth sense is unique and makes better decisions when it comes to investing.
That’s not necessarily true.
Unlike the myth that you are “born with it,” a sixth sense is something you can develop.
But there’s several secrets that most people either won’t believe nor will they put to practice.
First, you must learn how to see the market with a different set of eyes.
It’s easier said than done because we’re creatures of habit and tend not to want to change. But you need to see things from a trading standpoint.
Translation: Don’t get married to any trade. It often ends in an ugly divorce.
Second, you must learn how to Listen to the Markets. Again, it’s easier said than done.
The key here is to filter out all the noise being blasted by the Financial Whores-Of-Babble-On Presstitutes.
They say what their Wall Street overlords tell them to say which is designed to get you to Zig while the boyz Zag.
Third, you must understand that the 1% NEEDS the 99% to be wrong. It’s how they make fortunes at your expense and it’s called following the herd mentality.
Fourth, without patience you will fall victim to the mine fields…especially in Turbulent Times.
Fifth, stop trying to hit home runs – it’s where you lose most of your money. You’re better off hitting lots of singles and THEN adding up the score.
These are just a few basics to get you on track to developing a sixth sense for investing. If you don’t put the above-mentioned ideas into practice, you’ll be wasting your time.
For more in-depth ideas on honing your skills be sure to read our October issue of “…In Plain English.”
It’s Not Just About Finance.