The most important attitude you can assume when making an investment is a sense of inevitability. A sense of inevitability about what? A sense that it is inevitable that your investment is going up.
The rule here is simple. If you don't feel that it is inevitable that your investment is going to be going in the right direction, don't invest in the first place.
This sense of inevitability will protect you. If you are not yet sure whether or not your investment will ultimately be successful, then wait. Wait for what? A better time or a better investment.
It is by investing in that which you feel is inevitable that you become a successful investor.
©Edward Abbott 2005