It's a waste of time to know anything. A distraction and worse. The time to buy is when things are bad and will get worse. So if you know something it hurts you.
Small time bag holding. And contrary opinion. Those are the two you need. Plus no stop loss. Ever!!!! I bought this 09/29/2008.... That's nothing. Chk out DCM + NTT which are more than a dozen years.
I am a small time bag holder. Will keep until people see that the commodity dependent Latin economies are beginning to turn around. In a few years.
It would be so great if there was such a thing as a trend.
It takes money to lose money. Never buy a lot. Look, by definition, every thing you do is always a mistake. Because your decision to act is based on things that make others decide to do what you are. By only buying a little you are able to average down.
Small time bag holding. It's the only thing that can work. Patience. Humility. Hopelessness is a plus. Each investment you make expect it to go to zero.
The market does not owe you anything. There is no logic. If there was we would all be rich. Small time bag holding is the only way. It takes money to lose money. Never recognize a mistake by cutting your losses.
I remember at the top, I saw a lot of people buying up houses, fixing them, planning to then sell making the big bucks. Better to have waited a few years.