While learning the process of analysis and trading, I learnt that one needs to be only half a step ahead of the others to win this game. At that time I did not understand how this could be so. After all, the market is full of smart people and if I had to win in this game, then I really had to be really good at it, perhaps very good. This meant doing a lot better than the others.
But the market, like most things in life, also works on the Pareto principle – where 20 per cent of the sampl ..
It is like sports. You have to be only one-100th of a second ahead of the next person to win the gold medal. Indeed, if you look at the finishers in a race at the Olympics, you will probably find that the difference between the top five or seven people would be around one-100th of a second. Still one gets the gold and many others, nothing. Over the years, it has been seen that the same person or team keeps on winning the gold year after year. It is not as though they are vastly superior to the o ..
Even in the market, the winners get most of the gains. It is not as though they are better than you are. This ‘winners take all’ situation typically occurs in relative comparison, where your performance relative to those around you is the determining factor of your success.
The market being a collective, your relative performance counts a great deal, as your money comes from the other participants. Any decision that involves using a limited resource like time or money will naturally res ..
This is probably why those who have a lot of money often win in the market (assuming that they don’t botch their executions badly). It is also why those who are willing to give it more time manage to win more often. These two factors might have a lot to do with the popular concept of value investing, wherein you are pitching in a lot of money and waiting for a long time! This perhaps enables most people to win.
But when it comes to trading, two things are always in short supply: capital ..
To others you appear to be very lucky. But the real truth is that, you have the edge. It is only a very minor one. The trick is that you keep working this edge through time. After a point, it starts to work for you! What began as a small margin is starting to trend toward the 80:20 rule. You start becoming the person who keeps winning 80 per cent of the time and most others are in the 20 per cent bracket. Winning one round improves your odds of winning the next. Each additional cycle further cem ..
For more information Top 10 Stock Advisory Company Indore
But the market, like most things in life, also works on the Pareto principle – where 20 per cent of the sampl ..
It is like sports. You have to be only one-100th of a second ahead of the next person to win the gold medal. Indeed, if you look at the finishers in a race at the Olympics, you will probably find that the difference between the top five or seven people would be around one-100th of a second. Still one gets the gold and many others, nothing. Over the years, it has been seen that the same person or team keeps on winning the gold year after year. It is not as though they are vastly superior to the o ..
Even in the market, the winners get most of the gains. It is not as though they are better than you are. This ‘winners take all’ situation typically occurs in relative comparison, where your performance relative to those around you is the determining factor of your success.
The market being a collective, your relative performance counts a great deal, as your money comes from the other participants. Any decision that involves using a limited resource like time or money will naturally res ..
This is probably why those who have a lot of money often win in the market (assuming that they don’t botch their executions badly). It is also why those who are willing to give it more time manage to win more often. These two factors might have a lot to do with the popular concept of value investing, wherein you are pitching in a lot of money and waiting for a long time! This perhaps enables most people to win.
But when it comes to trading, two things are always in short supply: capital ..
To others you appear to be very lucky. But the real truth is that, you have the edge. It is only a very minor one. The trick is that you keep working this edge through time. After a point, it starts to work for you! What began as a small margin is starting to trend toward the 80:20 rule. You start becoming the person who keeps winning 80 per cent of the time and most others are in the 20 per cent bracket. Winning one round improves your odds of winning the next. Each additional cycle further cem ..
For more information Top 10 Stock Advisory Company Indore
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