Although I am not familiar with the Investment yet, there are some common essential elements are known well by ordinary people---Courage, Risk Management, and Self-Disciplined. Usually an investor would more focus on the profit rather than risk or extremely, risk rather than profit.
Risk is come when you do not know what are you doing. People tend to avoid risk as well as lowest risk but guarantee return is the best way. Not wrong at all but chance would be losing out if we do nothing on learning the financial tools or financial terms. Not more than that, Courage is the way to push you up to take action.
Actually, self-disciplined should be applied, too. Everything could mess up if self-disciplined is not applied. Set up a target, then plan for time management wisely, implement it with strong will. If giving up on the half way, means that we have no self-disciplined or not strong enough. Talking always easier than doing. Do not stop in the planning stage. Many people like me, always stop or give up during the planning stage. Doubt on self-capable, afraid of failure and not confident with myself. I would not fail if I do not think in this way but I do, actually.
Now, I have no any long term planning , yet short term is being planned currently. Small step would be started off first by implementing it strictly. I must tell myself to do it everyday. Inflexibility is the weakness to overcome cause I am quite extreme in time management. Hopefully I could do well.
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