Respect the Market Not the Experts
The market is a master, neither you nor the experts. Turn off the external influencers – analysts and pundits claiming to know tops, bottoms, and directions. In fact, a person with an opinion in finance is as common as mosquitoes in monsoon, and it is as much as a nuisance.
Good investors rely on facts and on their own abilities of facts, they never depends on opinion of others. They rarely get a good idea talking to others and will never buy and sell on others advise. Think back to your worst investments over the years, that you bought on the recommendation of someone else. The investments turn to worse, because every investor has unique risk-reward strategies. What’s good for your friend, relative, or neighbour will rarely work for you.
Why do people get difficulty to make money in financial market? There are main three reasons :
Experts
An expert on TV or in the newspaper says that the price is going to do this and that, that sounds easy. Market can be beaten.
Media will never broadcast that all information has processed and the price is right. Experts can forecast future and continue predict the new prices of stock. Also the experts have the different opinion on same stock and people think they can go for it, can make money on that.
Overall, media can be very entertaining and interesting gossip. But the fact is that, it’s entertaining and interesting doesn’t mean that it’s truth.
A belief that professionals are regularly beating the markets
Most of the experts wouldn’t have the clue where the markets are headed. They are just predicting the market on the recent news and make money in other ways, such as commission and management fees.
It’s not that people working in financial market do not know anything, the y are very smart people. But, the fact is they are making money out of sales, clients relationship and by doing transactions. They are therefore, not a reason for you to take up a contract in your spare time.
Some people like to trade, because they are gamblers.
Some people just love to trade, no matter what either they make money or lose money. They feel good with tense feeling of open positions with market’s ups and downs. That usually ends with disastrous results.
Have you ever seen such a complicated Chart? This is Gann’s Master Mathematical Formula For Market Predictions, click on chart for more details.
Gann’s Master Mathematical Formula For Market Predictions
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