Anavex Life Sciences Corp (AVXL)

[sokol]

It's just another “expectation” that can lead to disappointment as has been the case since I have been a member of this board. I believe Anavex has potential, but I invest without expectations. The markets (including Anavex) will do whatever it/they do, and I just try to take advantage of wherever it/they go at any point in time. Investing based on a mere belief (expectation), especially someone else’s “expectations” gets investors in trouble.

It’s best to have a probabilistic mind-set pertaining to trading consisting of five fundamental truths.
1. Anything can happen.
2. You don’t need to know what is going to happen next (noone knows what is going to happen next) in order to make money.
3. There is a random distribution between wins and losses for any given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.

Anything can happen. So, ignore “expectations”. We should know this by now from expecting good news to drive Anavex’s price up. We get the “good news” and maybe the share price takes a dive like it has sometimes done. Expectations are useless and harmful to yourself and others.

I have made a lot of money investing in Anavex and other biotechs, but I ignore useless expectations. I have made money mostly by getting an edge and reacting to whatever happens - not on these endless “expectations”. I think constant DD and research may increase probabilities - get you an edge, but “expectations” get you nowhere except most likely disappointment and failure.