Basic human emotions like greed and fear are perhaps the greatest enemies of successful investing, says Farrell. He says these can act quickly and influence a trading decision in the wrong direction.
So he advises investors to have a disciplined trading approach with a specific day-to-day plan to generate returns successfully. He advises investors to maintain calm, not panic and act with courage when fear stalks or when greed rules the market, as it is better to stay patient than to let emotions rule.
