90% of Market creates Opportunity for remaining 10%
When I started stock trading few years back, I always thought to be successful in stock trading – I should keep trading.
When I was right – I made money, I was happy, I traded more.
When I was wrong, I always thought may be very next day I will get lucky and price will go up, hence I kept trading.
Whatever the case, I always thought that I have to keep trading to win.I was wrong!
I see many people in market who think same way. There are 3 things you can do in market –
The only thing where you will never loose money is ‘Stay Outside‘. My uncle who is experienced stock trader shared his insights. There is time when you ‘Buy‘ , there is time when you ‘Sell‘ and there is a period when you ‘stay out‘.
While you stay out – others are creating newer opportunities for you.
If I have to talk about a very short time frame – Indian markets have gone sideways. Unless you know very clearly what you are doing, it doesnt hurt to stay out.