Investigative
analysis includes cross-checking of visible evidence to ensure reliability and
accuracy. We will need to review and revise our analysis with new developments
as they come streaming. At best all absolute projections are used as REFERENCE
POINTS.
Human
inherent nature to solving problems can be seen in our daily behavior. When we
are physically sick, we take medicines and hope for the symptoms to go away or
we visit doctors to look for answers. How many of us do not actually take
preventive measures? We rather act after things have gotten bad. Is it any
different from our investing and trading activities?
In financial
arena when things didn’t turn out right after one place the trades, the
immediate reaction is to look for someone be it con-guru or analysts to provide
solutions. Suddenly you become attentive what is said where you ignore any
external inputs earlier! Never mind what the con-guru says. Important is you
have suddenly clung onto something! That is life isn’t it!
Such
behavior has no place in your trading adventure if you seriously want to embark
on achieving consistent successful profitable trading financial markets.
One must
have the discipline to change and retain the positive changes if you do not
want to be rock around. In all my 20+ years in trading, I concluded that those
who say may not be any better than you! It is better for you to quietly analyze
the market and listen what it is telling or trying to tell you. Act
accordingly. Don’t act in haste.
Have the patience to let market lead you.
Keep your
forecast as reference and always cross-check as things develop.
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