One edge that truly great share traders have over ordinary punters - is that they don't care. Yes, they don't give a rat's arse about the market. They are totally unemotional - detached = over something which has such a great influence over their lives.
Why do you ask? Why?
Simple. If you have no vested emotion in a thing- you are in the best position to be totally rational and scientific and most importantly, impartial about the matter.
Once you start making judgments, having strong opinions, being excited about the stock market- you make it harder for yourself to make a honest assessment over the situation.
That's how most of the big time traders and investors stumble. They think they know. And really, unless you're God, you don't. The stock market can be unpredictable.
I've stopped share trading these last two weeks. It bothered me that the market was rising too high. But what really got to me - was that I couldn't seem to detach my emotions and feelings for the stocks. I found I couldn't do that, I kept on second guessing myself, worrying about minute details, and otherwise losing my cool and rational frame of mind. Emotional trading is the worse sort of drug to indulge in.
Anyhow for the moment, I'm sitting this market out for the moment. Meanwhile, I'm going to see a physio regarding my age old back problems. I had a good (and recommended) specialist doctor check it out - Doctor Low Wye Mum (#01-04, StarHub Centre: 67345830). Thankfully, he doesn't think I need to go for an MRI or X-Ray- but need to improve on my posture and muscle development. To this end he told me to go see a physio that specialises in back and neck injuries. I'll like you know how it goes.
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