Results is the end product a a series of process prior to the completion of the whole chain of action from the start. Irrespective of anything that we do, tangible or intangible, where there is a start, there will be an end with a "finished" outcome.
This does not confine to mere manufacturing physical products but extend beyond factory to even conversations. As we narrow down to more precise situations for the desired final products, we should details why the results are inconsistent. We should note every inputs along the way and every step.
Obviously if the results are always consistent with your expectations with minimal errors and wastage, there is nothing much to do UNLESS one wants to enhance the performance.
In the financial markets, one need to understand why the inconsistent YO-YO performance. Different people with different affinity wants to call themselves or label others to certain classifications. From Investor, Traders, Fundamental, Technical, and the list goes on. You name it, we have it.
The priority and focus is HOW TO MAKE MONEY CONSISTENTLY with MINIMAL RISK and SHORTEST WAITING TIME.
We are not going to waste time on irrelevant nonsensical things like calling other to degrade their preference.
The process in financial market is simple and I don't claim it is easy. There are 3 variables to the process.
1) YOU / ME
2. THE MARKET
3) SYSTEM / THEORIES / APPROACH / METHODOLOGY
1) You/Me as the starting point will look into money and time. This covers the funds available and the desired time one is NOT pressured to utilize the funds for other purpose.
2) The Market is where we decide which product(s) we can be and want to be involve. It is NOT about the other people who are involve as participants. It is YOU who decide which market you want to be active. It is about your choice. 3rd party choices are IRRELEVANT. You have to choose what you are comfortable.
It is NOT about others. NO need to be busy body.
3) Methodology is about using and selecting which approach that suits your personality.
Are you comfortable losing before you profit? If yes how much of your capital and over a period of howl long?
or
Maybe you are only comfortable with your system that deliver profit with minimal draw downs and minimal waiting time?
or
Maybe you have been working on method(s) that has been consistent profitable the day you make your moves.
If you cannot address the 3 variables above honestly, than it is highly UNLIKELY you will find market a fren but a volatile violent creature.
Too often and many times, we read media and all the great wonders and promises. The truth is this is not FANTASY land and it is a WANDER land.
Over my years at the desk, I have seen many characters.
One group are uneducated ignorant participants who buy when they SENSE that the price is right although the price dip awhile before the positions turn to profits. Besides aiming for capital gains, sometime they do look at dividends. These are NO busy body people.
Another group want to feel and make feel to others, they are privilege and has the superior edge over others. This people will and can suffer the same fate as other earlier group. Making loses despite all the so called Fundamental. The most dangerous behavior of this group is leadership. There will be one leader prophesying over everything. The classical predictable behavior of the leader is to harp on dividends despite all the losses. To make matter worst, this group will subscribe to NO debate that is seems to be against the leader. Such CULT behavior is NOT new when over the years I seen and read people SURRENDER their mind !! This leader not only seeks attention but also conveniently the plights of others financial losses.
The other behavior is the group are busy repeating media contents to reinforce their decision even if the news are in conflict with market direction.
While the first group is INDEPENDENT individuals the second group manifest like a cult. This is where the meaning FANATICS rear its head.
This group is about influence and coerce member to subscribe to the IDEOLOGY
One last group will be the educated independent group that only interested to find their own path and nothing else and make profits consistently.
The conclusion of my journey is that WHAT We KNOW is USELESS if we CANNOT understand what the market is doing and how we adjust, adapt and flexible to bend flow with the market diretion.
Just focus on WHAT the market wants. NOT what you want. The real challenge comes when what the market is doing is NOT what you want. Calling the market stupid and others do not know the value do not help and will not help. The truth is you can remain in losses for a long time when your ego is bigger than market in conflicting situations.
When we understand and know what the market want to do, than we have to decide which side we want to stand.
To admit mistakes is the first time to IMPROVE. Admission is the most HONEST self assessment.
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