Someone told me:
Master, I am trading for several years. I lost some money and made some. Sometimes because the timing was good, sometimes because I read well the market, sometimes because of my restlessness. But today, my mind is ravaged by the Fear and the Doubt. I fear there is no rationality in the markets. And I CAN'T decide what to buy or what to sell.
I told him:
There is no rationality in the MARKETS. They are human constructs and are then contingent to their FEARS and their DOUBTS. See this as an opportunity.
What you told me proves that you are finally becoming one of US. The FEAR is your friend; it tells you when you need to EXIT. The DOUBT reminds you that there is no TRUTH.
The continuous flow of information hits the market and induces hopes, dreams, fears and doubts in each participant, who then buys and sells following their own intuitions and what they think about other's intuitions.
SO WHATEVER YOU DO,
AS LONG AS THE DOUBT AND THE FEAR ARE WITH YOU,
YOU WILL BE IN THE MONEY
Next I will tell you how to stay in the money and ride the volatility in these exciting market conditions.
Wednesday, 1 April 2009
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