P1: PIC/b P2: c/d QC: e/f T1: g
c03 JWBK182-McDowell April 25, 2008 15:41 Printer: Yet to come
Yin and Yang 29Some of these might be very simple, and you are probably addressing
them as we speak. Meaning that you may not currently have a money man-
agement plan in place, but that is why you are reading this book, isn’t it?
So once you have your risk plan completed, you’ll already have moved one
item from your weak column to your strong column.
Remember, when it comes to weaknesses and strengths, it is all rela-
tive. For example, a little fear and greed is actually a good thing. A little
fear will give you respect for the power of the market, as long as the fear
doesn’t overwhelm and paralyze you. A little greed is not so bad, either,
since that will motivate you to be creative in developing more profitable
approaches. Just keep it all in moderation and maintain a healthy balance
where you feel comfortable and not out of control.
Take inventory once a year or so to follow your progress. There will be
some traits you won’t be able to change, and that is okay. The objective is to
increase the number of strengths and decrease the number of weaknesses
to the best of your abilities. In some cases, you may be able to turn your
weaknesses into strengths.