it's ok if ur trade goes wrong!

every morning before the market opens

i open the website

of a couple of renowned technical analysts

who regularly appear on business channels.



i quickly double check

as to what they have to say

about the day's outlook

and the outlook for the week.



this routine has been continuing

since a few months

and i have noticed

some unmistakably amusing patterns...



while one of them

is frank and blunt in expressing his "expectations"

even at the risk of being wrong

(which he is atleast one third of the times)

the other one's writeup

is a treat to read.



this otherwise highly knowledgeable famous analyst

picks his words very shrewdly indeed.



he makes sure that he has left enough

escape routes, scape goats, alibis and explanations

to justify

whatever direction market takes...



his daily outlook reads like

"it is likely to rain IF the clouds collide

and if they disperse, which can't be ruled out

a bright sunny day may unfold"



not only that

the next day

this gentleman

has the guts to use the words

"as expected" or "as i said"!



despite all this

i still read him daily

because there is something in him

which makes me seek his opinion!



why i have shared these private feelings and thoughts?



just to share

how much confidence i have gained

having come to know

that so called "experts"

also can't predict rightly

most of the times!

that they too don't know what lies instore in future!



when i see that even such big names

are also regularly befooled and outmaneouvred

by the market,

my trading pains

turn into mere bruises of a football player!



these days i refer to such websites of experts

just to tell myself

"it's ok if things don't go your way!"

"in the eyes of the market, everyone is equal"

and

"even if you are nobody, respect your viewpoint

as you may still be right, and the 'somebody' may be wrong!"

--

it is ok if your trade goes wrong.

just turn-off the wrong trades fast.