thomz_amadeus
Don Juan
Do you know why I love stock trading that bad? Because it’s such a perfect analogy of life.
Prices go up and down. Everything is ruled by cycles, everything is connected together, but besides these two basic truths everything remains fundamentally unpredictable.
He who wants to win must never try to beat the market but must always place himself on the right side of the market.
The vast majority of the crowd fails because they’re human – driven by emotions. When price drops, they hold – driven by hope. When price rises, they’re reluctant to jump in early – driven by fear.
In both cases, they end up losing.
Reminds you someone? I'll always be amazed to notice how similiar we are when dealing with stocks or with girls. It's the exact same range of feelings, from euphoria to renunciation.
On the trading floor like in any stage of life, he who wants to win invests when the price is down – because it WILL go up tomorrow - and sells when the price the high – because it WILL drop tomorrow.
Your girlfriend just dumped you? You’re blazed every evening mixing tears with booze and remorse with smoke? What a lovely situation, it’s time to invest because a profitable trade is coming along and you’ll be a rich man tomorrow.
Invest even when the times are though. Fear has never saved anyone.
Your girl is smoking hot, your car is fast, your house is big and your bank account is full? Beware friend, the downturn isn’t far.
Cut the losses at the moment they appear, so you protect yourself. Hope has never saved anyone neither.
The smart move at the right time. That’s what the mature man does.
Forget all the crap. Ditch the millions of technical stuff they wanted to teach you. In the end, it all comes down to the essentials – and the essentials are always tremendously simple.
A popular wisdom proverb in my home country says “after the rain come the sunshine”.
Just keep yourself on the right side and you’ll be fine. Anytime.
The rest is only noise.
Prices go up and down. Everything is ruled by cycles, everything is connected together, but besides these two basic truths everything remains fundamentally unpredictable.
He who wants to win must never try to beat the market but must always place himself on the right side of the market.
The vast majority of the crowd fails because they’re human – driven by emotions. When price drops, they hold – driven by hope. When price rises, they’re reluctant to jump in early – driven by fear.
In both cases, they end up losing.
Reminds you someone? I'll always be amazed to notice how similiar we are when dealing with stocks or with girls. It's the exact same range of feelings, from euphoria to renunciation.
On the trading floor like in any stage of life, he who wants to win invests when the price is down – because it WILL go up tomorrow - and sells when the price the high – because it WILL drop tomorrow.
Your girlfriend just dumped you? You’re blazed every evening mixing tears with booze and remorse with smoke? What a lovely situation, it’s time to invest because a profitable trade is coming along and you’ll be a rich man tomorrow.
Invest even when the times are though. Fear has never saved anyone.
Your girl is smoking hot, your car is fast, your house is big and your bank account is full? Beware friend, the downturn isn’t far.
Cut the losses at the moment they appear, so you protect yourself. Hope has never saved anyone neither.
The smart move at the right time. That’s what the mature man does.
Forget all the crap. Ditch the millions of technical stuff they wanted to teach you. In the end, it all comes down to the essentials – and the essentials are always tremendously simple.
A popular wisdom proverb in my home country says “after the rain come the sunshine”.
Just keep yourself on the right side and you’ll be fine. Anytime.
The rest is only noise.
