In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
This quote is right to the fullest as far as a human trader is concerned. People enter into markets with a belief of making fortunes in the shortest period of time. But as soon as they are able to confront the intricacies of the market they feel the pinch of reality that they have entered into one of the most
difficult arena of making money if not the most.
One who thinks that his luck works because as a gambler he won many bets that can be true till he was betting but when the same person enters the stock market and tries the same luck with the touch of gamble but the luck just betrays him as an enemy. Reason - trading is not gambling.
Trading is not for gamblers but for traders and for those traders who have the ability to learn from their faults and take them as lessons. Luck can help to a certain extent but cannot take thus far that it can be thought as the only factor responsible for making money in stock markets.
A trader will have to learn the long route way and this needs perseverance. Lot of time and energy has to be invested apart from money. With all this dedication if someone could achieve 60% accuracy in the trading results then he is a true trader. Nothing less than honest hard work is required for success with a part of luck to play as well to become a real trader.
ALL THE BEST TO THE READERS IN THEIR ENDEAVORS.
-- Peter Lynch
This quote is right to the fullest as far as a human trader is concerned. People enter into markets with a belief of making fortunes in the shortest period of time. But as soon as they are able to confront the intricacies of the market they feel the pinch of reality that they have entered into one of the most
difficult arena of making money if not the most.
One who thinks that his luck works because as a gambler he won many bets that can be true till he was betting but when the same person enters the stock market and tries the same luck with the touch of gamble but the luck just betrays him as an enemy. Reason - trading is not gambling.
Trading is not for gamblers but for traders and for those traders who have the ability to learn from their faults and take them as lessons. Luck can help to a certain extent but cannot take thus far that it can be thought as the only factor responsible for making money in stock markets.
A trader will have to learn the long route way and this needs perseverance. Lot of time and energy has to be invested apart from money. With all this dedication if someone could achieve 60% accuracy in the trading results then he is a true trader. Nothing less than honest hard work is required for success with a part of luck to play as well to become a real trader.
ALL THE BEST TO THE READERS IN THEIR ENDEAVORS.
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