The conceptual framework for a man's search for meaning

dimpledbrain header image 2

A Student of the Market

November 6th, 2019 by dimpledbrain

Today I want to narrate an observation and something that I learnt (usually the hard way) in the market.

Are you interested to be right or be able to make money in the market?

Most of us are psychologically inclined (no thanks to social conditioning) to appear right ( at the expense of making money in the market)

This is manifested in 2 obvious ways:

  1. We overstay our huge losses (with the intent of getting out even, so that our decision doesn’t look foolish)
  2. We cut our profits early (with the intent of locking in our small profit and not risking it so that if the market turns down, our decision makes us feel right)

These 2 are the most expensive lessons in the market.

Naturally we need to do the exact opposite to make money in the market. Being right or being wrong is an after effect.

Tags:   No Comments

Leave a Comment

0 responses so far ↓

There are no comments yet...Kick things off by filling out the form below.