Bottomline, when people are fearful and start dumping good quality stocks, it's time for us to be greedy. However, we will need to have the mental capacity to withstand paper losses in the short term. We do not have a crystal ball to tell us when the market has hit a bottom. Most likely after buying, the price may continue to move southwards. Alternative, wait till there's clearer sign such as higher lows on technical charts before buying.
Thursday, 21 September 2017
The Biggest Lie In Investing
There are a lot of haters for this video. I suspect they are working for the media. Haha.
Bottomline, when people are fearful and start dumping good quality stocks, it's time for us to be greedy. However, we will need to have the mental capacity to withstand paper losses in the short term. We do not have a crystal ball to tell us when the market has hit a bottom. Most likely after buying, the price may continue to move southwards. Alternative, wait till there's clearer sign such as higher lows on technical charts before buying.
Bottomline, when people are fearful and start dumping good quality stocks, it's time for us to be greedy. However, we will need to have the mental capacity to withstand paper losses in the short term. We do not have a crystal ball to tell us when the market has hit a bottom. Most likely after buying, the price may continue to move southwards. Alternative, wait till there's clearer sign such as higher lows on technical charts before buying.
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Your message is wonderful, an investor should not take any decision related to stock with the basis of information they received from other resources. Market is volatile, an investor should wait, first examine and then take any step related to investment.
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