every morning before the market opens
i open the website
of a couple of renowned technical analysts
who regularly appear on business channels.
i quickly double check
as to what they have to say
about the day's outlook
and the outlook for the week.
this routine has been continuing
since a few months
and i have noticed
some unmistakably amusing patterns...
while one of them
is frank and blunt in expressing his "expectations"
even at the risk of being wrong
(which he is atleast one third of the times)
the other one's writeup
is a treat to read.
this otherwise highly knowledgeable famous analyst
picks his words very shrewdly indeed.
he makes sure that he has left enough
escape routes, scape goats, alibis and explanations
to justify
whatever direction market takes...
his daily outlook reads like
"it is likely to rain IF the clouds collide
and if they disperse, which can't be ruled out
a bright sunny day may unfold"
not only that
the next day
this gentleman
has the guts to use the words
"as expected" or "as i said"!
despite all this
i still read him daily
because there is something in him
which makes me seek his opinion!
why i have shared these private feelings and thoughts?
just to share
how much confidence i have gained
having come to know
that so called "experts"
also can't predict rightly
most of the times!
that they too don't know what lies instore in future!
when i see that even such big names
are also regularly befooled and outmaneouvred
by the market,
my trading pains
turn into mere bruises of a football player!
these days i refer to such websites of experts
just to tell myself
"it's ok if things don't go your way!"
"in the eyes of the market, everyone is equal"
and
"even if you are nobody, respect your viewpoint
as you may still be right, and the 'somebody' may be wrong!"
--
it is ok if your trade goes wrong.
just turn-off the wrong trades fast.
No comments:
Post a Comment