10 Things Investment Pros Do That Amateurs Don't! {Repeat}

Ran this last year.  I think it bears repeating at least annually. 

1. Pros always have cash


2. Pros tend to worry less about the day to day with stocks and try to focus longer term.

3. Pros try not to invest in things they don't know.

4. Pros recognise that not everything is analyzable.

5. Pros are as concerned with the downside as the upside.

6. Pros always look; they never avert their eyes from a downturn.

7. Pros accept that not everything works or is going to work at once.

8. Amateurs are worried that they aren't making enough but pros are worried that they are making to much money.

9. Pros do their homework.

10. Pros know things go wrong. They are more likely to cut losses and let profits run.