Don't make an Analyst a God

When looking at a chart, we’re looking at the Left Hand Side and the Right Hand Side of a chart from the point we are at Now. There is no comparison of the importance of how the Right Hand Side is going to unfold. Analysts attempt to predict the movement and the price targets for the unseen part with proper tools, techniques and experiences and they may get close, that is “may”. Don’t make an analyst a God and assume whatever he/she predicts must happen. The market doesn’t operate like that. This is the very first thing one should understand to become successful in this business.

The Left Hand Side can be played around, studied, done and understood as anyone pleases. But the most important Right Hand Side is always absolutely about only one thing - The Mass Psychology driven by fear and greed. (Maybe) This is the reason the Right Hand Side is always “may be” and not for sure. How a mass would react to any piece of information (or misinformation) at any given moment can never be imagined (let alone the prediction). Of course, after a chain of some remarkable triggers, the direction a mass follows, this pattern can be analysed (again, according to the past) and forecast how it may unfold ( this is what analysts do, as according to my experience), but not what exactly is going to happen.

But, we simply can not put our hands together and watch from the sidelines, well, at least not always, but sometimes it is a wise thing to do from time to time though. Despite this uncertainty, we have to get into the market, get our hands muddy and do our business, right ?

How do we not only survive but make a sustainable if not remarkable amount of money in this totally unknown Right Hand Side territory is a Million Dollar Question.

From my experience (and in my opinion), what I can say is, we may survive on this unseen part only with the help of tools such as but not limited to Trading Strategy and Risk Management.

If I want to make decent earnings from this business in the long-run and am serious about it, I’d give a serious thought for the tools mentioned above with many others, get myself ready and do business seriously.

Or Else, I’d be following one one day and the other the next, have no idea what is being done (without proper Investment Plans), making some, losing some, bragging about it and keep going likewise, round and round.

#tradewithramesh #nepalstock #sharemarket #sharebazaar #NEPSE

Please note that due to market volatility, some of the above sight prices may have already been reached and scenarios played out. This post is a part of freelance research and MUST NOT BE taken as an Investment Advice or so forth. Investing money in the capital market without proper knowledge or professional assistance can result in substantial losses. Trade in your own discretion.