Show Me The Money Honey!
Stock Market Not One Way Street!
Anything in life be it a relationship, business or job is 100% the way you want it to be? Progress and success is never linear because it involves many hiccups and adversities along the way.
Many new and gullible investors expect the market to go up that too in one direction as soon as they have invested, expecting wonders at the very minute they purchased stocks. They get frustrated by seeing the market fluctuate, consolidate and at times correct too.
They feel exasperated seeing their stock go down, while they expected quick and sure money out of it. The mental state gets worst if they see their fellow investor making money while they are nursing their holdings.
This very unpleasant mental state, makes them take irrational decisions.
Planted seeds take time to bear fruits!
When you buy a stock it is equivalent to planting a seed and waiting for it to grow into a plant, then a tree and eventually bear fruits. Just because the market goes down doesn't mean the expectations should change.
"A market downturn doesn't bother us. It is an opportunity to increase our ownership of great companies with great management at good prices." - Warren Buffett
Patience is vital part of investing / trading. It is not possible for anyone, even the well known investors or Bullish Momentum to accurately predict the perfect time to enter or exit the market.
Our experience says, nothing is more painful for an investor than selling his stocks out of impatience just to see them making new highs.
Last but not the least!
Markets can do whatever it wants to do and for as long as it wants. It is indifferent to your expectations, mental state and financial conditions.
The only way to get anything out of it is to have patience, manage risk when it is not giving and be available when it is giving and till it is giving. There is no way one can force market to give, just take what it throws at you.
See you guys next week! Have fun but stay safe. Do let us know by your comments if you liked the post.
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