Monday, June 26, 2017 3:26:57 PM
We should keep in mind that while dreaming is good, but dreaming without a plan and hard work is not good enough in this very tough and challenging "game" of the stock market.
It's a real challenge to win without a clear-cut plan. Having a plan and executing 'the plan' is a must. Following others does not work. Each have unique circumstances, situations and preparation. Furthermore, those instincts of greed and fear are tough to handle without preparation and a plan.
The challenge comes down to a personal level. The developing of few important traits, often counter-intuitive, is a must. Knowledge and preparation, and experience just like it is in any sports. Only few rise, or can rise, to the top.
The stats in this "game" constantly reveal a large majority always will lose. Only a minority wins. And, the "game" depends on it, as well. It remains too challenging to most participants. No easy money available as most first expect. It requires a lot of knowledge, preparation, and hard work. The ability to handle one's own (instinctual) emotions of greed/fear are too difficult a challenge let alone traits of patience, timing, setting their limits requiring individual work. Rising above all the challenges and making one's own plan (and being content) seems too much to expect as a challenge. Any wonder why so many lose? GLTY & GLTA
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