Dear all,
if someone ask me that you need to be intelligent for making money in share market (derivatives and commodities) i will lift my both the hands and strongly say NO.
For to be successful in financial markets you dont need to be intelligent. OK then what else you need. You need to be disciplined. Here discipline means "Financial discipline". It means you should fix the trades well within your Investment appetite. That too for intra day traders this discipline is much required.
If intelligence alone could make money in share market then the Nobel laureates "Sir Issac Newton and Albert Einstein the father of modern physics" would have not lost money in share market.
Really it was shocking to read that Sir Issac Newton and Albert Einstein lost money in the share market.
Sir Issac Newton lost £20,000 in 1720 by investing in the shares of south sea company expecting to pocket 100% profit.
Sensing that the market was getting out of hand, the great physicist muttered that he 'could calculate the motions of the heavenly bodies, but not the madness of the people.'
Therefore, we need discipline and not trapped in to emotions to succeed in the market.
Discipline also means sticking on to the same strategy even if you make small losses or if you not getting trade entries some days of trading
if someone ask me that you need to be intelligent for making money in share market (derivatives and commodities) i will lift my both the hands and strongly say NO.
For to be successful in financial markets you dont need to be intelligent. OK then what else you need. You need to be disciplined. Here discipline means "Financial discipline". It means you should fix the trades well within your Investment appetite. That too for intra day traders this discipline is much required.
If intelligence alone could make money in share market then the Nobel laureates "Sir Issac Newton and Albert Einstein the father of modern physics" would have not lost money in share market.
Really it was shocking to read that Sir Issac Newton and Albert Einstein lost money in the share market.
Sir Issac Newton lost £20,000 in 1720 by investing in the shares of south sea company expecting to pocket 100% profit.
Sensing that the market was getting out of hand, the great physicist muttered that he 'could calculate the motions of the heavenly bodies, but not the madness of the people.'
Therefore, we need discipline and not trapped in to emotions to succeed in the market.
Discipline also means sticking on to the same strategy even if you make small losses or if you not getting trade entries some days of trading
Comment:
the above chart doesnt relates the article