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Tuesday, May 30, 2006

Thought for the Day

I can accept failure.
Everyone fails at something.
But I cannot accept not trying.
- Michael Jordan

I've just met the 3rd person that lost heavily in stocks. He is out of the game now. And working hard for the rest of his life for his old age plan.

Pretty scary isn't it? I think that stock market is just like the wild. Natural selection will weed out the weak. Only the best 10% will survife. The other 90% will contribute to the 10%'s profit. Since there are always new players entering the market each year, this will continue to feed the top 10%.

If you lose money, stop and think. What have you done? If you found out the wrong moves, then avoid them. Insanity is doing something same over and over again expecting different result. God gave us the greatest organ: the brain. Use it. Don't simply shoot.

Ah...the market.....sideways now. Zzzzzz.......

1 comment:

sagil said...

Swift;
Good comment given on Thought for the Day . We have to think how to stop the loss and success in our trading