Unlike many other ventures, market is a UNIQUE creature that behaves on it own ignoring what WE has to say or what we think.
In general, we have some sort of formal theoretical education and some of the more real world education.
The theoretical is about WHAT it "should" versus what it "is".
So what is the TRUTH? WHAT is it all about?
The truth is about WHERE the market is heading. We know where it has been (past) and we know what it is doing NOW. We have not attached all sort of theory where it was in the past and why! That is the past and we do not make any money from the past. We make money on the present and the future.
We can switch on the TV, PC internet and all sort of media, guess what we get bombarded with all sorts of news by all sort of names. Some contradict each other and some are complementing.
Whether they commentators agree or disagree with each other or otherwise using whatever theories or evidence, GUESS WHAT, market did NOT say to us... HEY, WE AGREE with what they commented.
Market just cruise along it own PATH and speed. Nothing we can do about and no way we can influence.
All that can be done is to look at our portfolio with our theories. It is positive and negative. We can dream, and hallucinate all we want but market is MERCILESS. Doesn't know we exist and indifferent to our joy and pain.
We want to believe we rate ourselves with 100% right with whatever theory we know. Or we claim and believe we know. This is a very FATAL mindset to think we are right with what we think/believe we know about the "numbers".
Well, the "numbers" can be on the dot BUT that need not necessarily means we will be REWARDED handsomely. On the contrary, we can be PUNISHED right and proper!!!
So what is the truth? The truth is so simple .. KNOW WHERE is it going and be humble.
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