Investing in stock market can be a profitable and enjoyable proposition. It requires a great deal of patience and discipline.
Right attitude and having proper tools is a must in the financial markets. Most traders loose because they do not do their homework and they dont plan their trades.
They
also dont realize that they are playing against the best brains in the
business. One win alone force them to shed their skepticism and next
trade comes out of a jubilant but ignorant and biased mind. To
understand the result, one need not to study rocket science.
Most
dont understand the value of having proper tools of the trade. Some play
on inside information some play on fundamentals and few play on
technical. Total percentage of all these together is not more than 15%. Rest play on their whims and fancy.
Thats
why only 5 to 7% make money trading. I often ask traders if they have
studied any book on trading or traders psychology or any other relevant
subject? Shockingly 95% says no and most are not willing to buy and read.
To
control greed and fears one must understand the traders or gamblers
psychology. Books give you wisdom and one can become a better trader or
investor by applying knowledge.
YOU DONT KNOW WHAT YOU ...
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