When Market moves, were you be ready?

Remember this in your heart:

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

How do successful Investor/Trader differ from Amateur?

Some important factors to note:

1) Hard work - They spent their time studying the market, companies, industries, and sectors. They understand their businesses. And, the traders will pay more attention to financial news, and market movement. The traders had a keen eye for how their market might be moving, and how the pricing might be changed and try to take advantage of the occasions when it moved from their benchmark.


2) Strategy - They have their own strategy, money management, and risk control skills. They could enunciate his or her specific edge in their marketplace and, in some way could quantify that too.

4) Adaptation - They knew the details of his or her P/L, but also detailed investing/trading statistics. When the stats veered off course, they were quick to make adjustments or re-capitalize their account.

5) Complexity - They understand the nature of adaptive complexity of the Market but the idea of buying/selling is a simple thing, and many expect to come to the Market to make easy money, but they don't.

6) Passion - They view their investing/trading not only as way of making money but they have great passion. They are in this for the long haul, and through years of experience, they always want to advance their education (could be just self learning) in finance or related fields and to understand the ever-changing adaptive complexity of the market. They also know that they must be able to sustain and measure their success across multiple years and market conditions - bulls and bears.

7) Risk and reward - They know how to quantify risk and reward that match their emotions, their current and future financial obligation and not putting their family livelihood at risks.


Yap. For some cyber friends/super friends here starting off or in their mid of their journey in the world of investing/trading, are you ready for the next new bull and the bear?