Wednesday, May 25, 2011

dale carnegie's advice for traders

in his all-time bestseller
masterpiece
"how to win friends and influence people"
legendary
dale carnegie
had given four simple but deadly effective suggestions

never criticize
never condemn
never complain
never argue

it never serves the purpose!

same brilliantly applies to stock market as well.

never criticize market movement
never condemn, complain about what's happening
and most importantly
never try to argue with the market....

if you can
i repeat
if you can
try to go with it.

if you can't
step out and step aside.


but never ever criticise, condemn or complain about it

because if you do

your adrenalin will push you to argue with it

and that will result in the loss of a friend - the market.

if you can't befriend the market
atleast don't make it an enemy

it can be costly...

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