Fully agree. Somehow I realize I don’t have this talent in me to identify upcycle, downcycle, suitable entry and exit points to make money in short term trades. Only solace I have is that even some of the well known big investors don’t have this skill in them- to call out market cycles.
Those who can identify microtrends in stock market on a consistent basis, exploit them and build generational wealth are truly blessed.
Only thing I am good at doing is follow an age old dictum that investing is a loser’s game which means if I can protect my capital through ups and downs of cycle, minimizing unforced errors, I’ll end up making money which has kind of worked for me. Where there is risk, there also needs to be risk management. My idea of good risk management is to stay with quality stocks for a very long term with meaningful allocation to let compounding build wealth for me.
That of course comes at the cost of missing out on a lot of rallies and flavors of the day. But again there is not a single rule for making money. If something works for an individual they should stick to it.
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