A dog accidently boarded a metro train!
At every station he saw the door opening.
On seeing the door open he would rush out on seeing people getting down.
After getting down the train on to the platform
he would see a lot of new people getting into the train.
On seeing them, he would again climb onto the train
just in time before the automatic doors closed.
This way he kept on shuttling in and out of the train at every station
and towards and away from the door!
Reason?
He didn't know which station to which station he was travelling from.
He was not clear which station he was supposed to get down irrespective of what others were doing.
He was simply getting anxious on seeing a lot of people going both ways turn by turn.
Just like what happens to traders who board a train at a specific station with just a vague idea of where they should be deboarding.
But on the way they lose their sense of direction, their sense of destination, their sense of reason for being with the stock!
On the way, like that innocent pet, their decision is constantly swayed by what others are doing. They keep on getting in and out of the stock on the basis of fear factor caused by what is happening in front of their eyes instead of some trade-journey plan as per some indicators.
Perhaps this is what Rakesh Jhunjhunwala meant when he said
"Choose right, sit tight"
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