When we discuss about financial gains (profits), we are ONLY interested in HOW TO GAIN and HOW MUCH. The worst advice one can get is the WINNER'S CURSE when the tip results in immediate profits without understanding the whole mechanics. This is exactly what happen to me in 1992-1994 despite so-called FINANCE knowledge.
The offensive game versus the defensive game. Finance knowledge versus Market knowledge.
The correct approach from my experience IF I the opportunity to turn back the clock is to learn and understand the DEFENSIVE game FIRST. Identify all the weaknesses in me. Fix up all the weak areas. When this is completed robust defensive than only I can start the OFFENSIVE.
Finance knowledge is the theoretical knowledge about the details. It is NOT and NEVER about how to apply the knowledge and acquire new knowledge HOW to move in a changing DYNAMIC trend. Without a good grasp how to move and what to apply in the changing trend, the finance knowledge is useless. I would even go to the extend to say that learn about the dynamic trend FIRST.
Hope this helps
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