Practice makes perfect, but in stock picking it can't be perfect. There's always a flaw. Probability, relativity & phsychology are the keys.
Practice can maximize the knowledge on how the probability of stock to go up or down. For example: knowledge about simple support resistance.
And remember it's just probability. It's not absolute.
Relativity, it's not the famous Einstein's relativity theory. Only similarity in principle. Time & space is relative. Movement is relative.
You'll see a mountain is very big if U see it from the ground. But if U see it from the moon, it's just a small dot.
U'll see a very fast car movement if U stand still. But if U see the car from jet planes with the same direction to the car, then it's slow.
Stock moves with its related groups. See the correlation of news before it's public released / economy policies impact to what groups.
Relativity is the art of seeing and believing in stocks movement.
Psychology, the hardest thing to learn & manage. Its not as simple as "fear in others greed or greed in others fear" method.
How did U know when others are fear or greed if U'r not see the person with ur own eyes. Some says it's reflect in the chart/price movements.
Is it reflect the fear/greed of investors/traders, or it's just Bandar playing the emotional of investors/traders.
The only way to know someone is fear/greed is look straight to them. The chart always bias to reflect fear/greed, but it can represent it
A recent simple psy example is last Friday in IHSG, when greed turn to fear in the opening, then fear turn to greed in closing.
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