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What’s the biggest mistake I can make as a stock trader?
The first mistake you and make is buying only on recommendation and not analyzing the opportunity well, over-relying on others recommendation, buying a company which you do not understand enough. So don’t take decisions quickly first you study and analyze than take a decision. The second mistake isRead more
The first mistake you and make is buying only on recommendation and not analyzing the opportunity well, over-relying on others recommendation, buying a company which you do not understand enough. So don’t take decisions quickly first you study and analyze than take a decision.
See lessThe second mistake is don’t bring too much greed. Buying more wasn’t wrong. It was the intention behind the buy. There is nothing wrong with increasing the position once it moves to your target, but it has to be backed up with strong reasons and studies.
If you want more and more and more, you might not get anything. In fact, you can lose heavily. Do not invest more than you could afford to lose. Do not take unnecessary risks, factor the losses too. This was my mistake so at some level you have to take important decisions for profit booking. Every time you get some good profit, it’s a wise idea to at least book some partial profits out of it.
How common is it to meet a very intelligent person suffering from mental illness?
Creative people might be judged to be more insane because their thinking is often different than those around them. They think “outside the box”. They are curious, and entertain ideas most people don’t even think about. They question things other people just take for granted. They put things togetheRead more
Creative people might be judged to be more insane because their thinking is often different than those around them. They think “outside the box”. They are curious, and entertain ideas most people don’t even think about. They question things other people just take for granted. They put things together differently. You can see this clearly in fashion. Most people dress in basic clothing they find in department stores or other clothes-selling outlets. Things that are accepted as currently fashionable. They may look nice and well put-together, but don’t really stand out from anybody else. People who are fashionably creative wear things that stand out from everyone else. They take risks. They pair things that don’t seem to go together. They may wear wild hats or jewelry or accessories. They may wear things that seem shocking or bizarre. You may think, wow, that’s really weird, yet somehow it works. Or you may think the person wearing that outfit is completely bonkers because no one but an insane person would go out in public dressed that way.
See lessI think the more intelligent you are, and the more creative you are, the more you see things differently than other people. You don’t merely accept what you are told without questioning it. You look at the small details of things to study how they work. You watch ants scurrying around and think about how their lives compare to ours. You examine things closely. You don’t see things in black & white. You realize there are all different shades of meaning.