Tuesday, March 9, 2010

Be an amateur in the markets.

It helps. It really helps if you have the attitude of an amateur when dealing with the markets. Be a student. Not an expert.


The problem of being an expert is that experts are too much into their protective shell that they have developed over a period of time, a skill set, sort of an idea of how markets ought to behave etc. etc. 


Why take any chances, when it is so comfortable inside the shell?


Remember, Markets are dynamic, self-learning and continuously evolving. A kind of Darwin's theory of Natural Selection is in play here. It's not just numbers. 
Experts cling to their skill set. They have figured it all out. They take pride in that.
A successful trader adapts to the ever-changing market dynamics. Gets rich.


So, Don't cling to your skill set. Don't be an expert. 
Be dynamic. Be an amateur. Evolve with the market. Keep learning everyday. Get rich.


Disclosures: Long Nifty Futures. Long Aluminium. Have investments in stocks.

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