Psychology and Discipline for Stock Market Investing 🔥

⚠️⚠️⚠️ #stock #trading #investing ⚠️⚠️⚠️

Thanks for watching! If this video was helpful, please return the favor and hit the like button and drop a comment. It helps me a ton with the algo! Thank you!
Eric's Qualifications:
1. Masters of Business Administration (MBA) with honors.
2. Self-made millionaire in his 30s.
3. Investor and stock market trader for over 20 years.
4. Founder of FIRED Up Wealth.

⚠️Join all FIRED Up Wealth Platforms⚠️:

This is a snippet from Masterclass Video 8:
Hello and welcome to Volume 8 of my masterclass series on stock market investing! Today's video covers psychology & discipline.

I start by setting the stage discussing #FOMO and #FOLE and explain how psychology ties into my Top 15 investing rules. Next, I discuss market cycles and the cyclical nature of the stock market. I explain the difference between Traditional Finance vs. Behavioral Finance.

7 Behavioral Finance Concepts:
Mental Accounting
Herd Behavior
Emotional Gap
Anchoring
Self-attribution
Overconfidence Effect
Regret Avoidance

Other topics include:
Active Trading performance
Loss Aversion
International Differences in Investor Loss Aversion
Disposition Effect
Favorite Long-Short Bias
Getting Even Effect
Hindsight Bias
Cognitive Dissonance
Home Bias
Gambler's Fallacy
Morgan Housel Quotes
Market Bubbles
Modern Portfolio Theory (MPT)
How Many Stocks Should You Own?
Under-diversification
Top 15 Investing Rules & How it Relates to Psychology

Sources & Additional Info:

My master class series will teach you everything you need to know to be a successful investor...introductory topics, fundamental analysis, technical analysis, and even options trading!

I have been investing in the stock market for over 20 years, and this video series will teach you everything I've learned through my journey. I am financially independent and recently quit my six-figure income job to help young investors. I want you to be successful!

I hope you enjoy this video and the series. Thanks for the support! -Eric

For more knowledge on Finance, Business, and Money: investing tips 2021, long term stocks 2021, #stock​​ , safe stocks to buy now, robinhood investing 2021, #trading​​ patterns, best robinhood stocks 2021, best stocks to buy 2021, swing trades, top stocks 2021, top stocks to buy 2021, financial education, #investing​​ , how to invest 2021, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2021, stock trading for beginners, swing trading 2021, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2021 robinhood, webull , best stock apps 2021, top stocks to buy now 2021, top stocks July 2021, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.

Disclaimer: I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.

[FiredUpWealth]

Thanks for watching! If this video was helpful, please return the favor and hit the like button and drop a comment. It helps me a ton with the algo! Thank you!

If interested, here are all FIRED Up Wealth Platforms:

[anthonybrook]

The masterclass is only part of what’s available by joining. Been a member now for 8 months and loving every minute!

[mindsinmotion]

Psychology and discipline...another gem! Thanks Eric awesome info

[NeroliDecants]

Boom. Love the masterclass series! It has helped me so much. Good on you for giving the people a free preview. Thanks as always man and have a great weekend!

[aidan]

Highly recommend joining patreon, the masterclasses are the foundation to being a disciplined investor! thanks for the time and video E!!!

[joechua]

Just finished the full hour-plus long Masterclass in Patreon and it's really great! Psychology is truly the hardest part of investment and I experienced a lot of what Eric said in this video in the last few weeks. Even after watching this, I think it is still going to be hard to master it. BUT belonging to this great international FUW community is truly where the value lies as we all support each other and remind each other to be mindful.

[johnmckeigney]

Thank You Thank You for this!!! Being pretty new to investing your guidance has really kept me from making some bad quick decisions. The masterclasses and live streams continue to teach, inspire and keep me grounded. Cheers

[jameslong]

Thanks, Eric, for the masterclasses. This snippet showcase the depth of your work. I especially like the qualitative and quantitative analysis masterclasses, and the one on balance sheet. Waiting for your next one's on unpacking income statements and cashflow.

[DogeMiro]

This masterclass video has really helped me mentally as a fairly new, young investor.
Really helpful, thanks Eric 🙌

[aidamah]

Thanks for the timely reminders ... emotions are the most irrational part of the human brain that everyone struggles to understand.

[finnschade]

Killin’ it as usual, Eric!. I love the masterclasses. Highly recommend to ANYONE wanting to invest.

[dleeliveaction]

Hey Eric, my portfolio has gotten absolutely SMASHED and TORCHED, however I am not moving ANYTHING....I may buy more since there is a fire sale going on, but I am not selling anything at all. The stock market has gotten to where it is because it has found a way to recover from every single event that has happened since it first opened. So "it is what it is" and all will be well as time goes on.

[firedupcreations]

What are your favorite stocks? Post tickers below.

[ghhvvhbb]

Your are an angel Sir. Greetings from Germany.

[Tony-uvpd]

"Rule no.1: Invest only money you can afford to lose" That one rule is deep since I think twice when depositing money into the account. Do I need it within next 2 years? No, investing is long term, just like building out your career. You don't make 100K/year out of school. You learn your craft and steadily build up that expertise. Same with investing, it takes time to compound. There's volatility, it can crash at anytime. Do I fear? OF course I F-king do! But Eric provides his personal experience and guidance's that helps navigates the downfall. His portfolio tell talks a lot...little downfall on bear and gap up on bull market...If you're looking for lifetime skillset, Eric is the one.

[albadriali]

Great video. The patreon link in your description took me to a 404 error.

[zachotoole]

Such important information every long term investor should know and understand. Been learning so much from the masterclass and can’t wait for the rest of the series! 🔥

[thomasoconnor]

Another excellent video, the group has changed my life and I look forward to learning from you for a long long time!

Thank you Eric!