Genius is
nothing but a great aptitude for patience – George Louis Buffon.
Human are
engrossed and fascinated with prophetic predictions. Predicting absolute levels is an exercise that
one should make with cautions. These predictions are merely targets can be
achieved, under-achieved or over-achieved. The key is what does one do when it
is under or over the predicted levels?
Markets are
EFFICIENTLY driven by PSYCHOLOGICAL EMOTIONS. Market movements reflect
emotional instability. Market is about mathematical game theory of probabilities
and possibilities (GAMING THE MARKET).
Price
behaviors open many avenues of different interpretations. Market represents
dynamic forces with developing variables which absolutes levels can never be
fixed.
Fanatics like
to believe that predicting market accurately is the key to success. Investors’
refusal to be educated, willingly entertain wild fantasies and believing what
one’s to believe instead listening to market are recipes for failures. The risk
that traders face the risk of own destruction and victims of their own makings
due to their rigidity with ever changing market conditions. When the predictions
base on charts failed, no one will admit it is due to wrong analysis but rather
failures attribute to other factors. Markets may appear to be randomly chaos to
some but other can see “order” in this situation.
Market oscillates
between optimism and pessimism distilling human emotions in a rhythmic manner. The
basic recognition of appropriate elements and acquire a conceptual strategy for
consistent successful conquest. The paramount attention given to prophetic
forecasting is engrained in all human instead of finding or developing a
strategy for consistent successful trading.
Mastery of
any technique takes time, patience and judgment. Market will do what it wants to do and when
it wants to do it. We have no control over market actions. We are merely
participants in market’s dynamic actions. For us to succeed we need a “guide” to
weigh probabilities and the knowledge to weigh them with confidence to act on
the probable and not on improbable. Listen to what market is saying about
itself!
You must
have confidence in the tools you are using. Being humble is difficult but it
will lead you to success. The most important intellectual quality of success is
one’s ability to keep an open mind recognizing the limitation of knowledge. As
the saying goes – “know what you do not know”.
Market has
its own LAW!
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