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Driving is like Trading

  
  Education
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Driving a motor car or motor bike is probably the best analogy I can think of for trading.

Start, Stop, traffic lights, dogs and cats on the road, cows, give way signs, t intersections, signs saying “kangaroos for next 50 kilometres ahead–and that is just in the first few 100 metres of leaving home– and then when you hit the express way, and consider yourself in the clear, there may be road works, or fog, and unsighted hazards ahead.

It’s very rare you can enter an express way…of start to finish, or finish a journey uninterrupted.

It is our jobs as traders to close down all risks as they appear, in whatever form, to cause minimal bumps and bruises to ourselves. Problematic situations will appear when you expect OR when you least expect them, and when you do get uninterrupted runs, you appreciate them, since it is what you have planned for, but see less often than one may hope for.

Be flexible, bend like the tree, always give way when on the road, and when you hear the sirens move top the left and beware of trouble ahead.

The Stock Market is like a Beautiful Woman

  
  Education
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The stock market is like a beautiful woman, always 
appealing 
challenging
fascinating
captivating
mystifying.

Appealing     The stock market appeals to everyone – the ignorant and illiterate, barbers and bartenders, brokers and bankers, best and brightest, professionals and people from all walks of life.

Generally, the stock market is perceived as a marketplace to get-rich-quick, make a fast buck, make a killing and turn rags to riches.

Challenging     The stock market challenges all kinds of players – gamblers, speculators and investors. In the game of sports, amateurs play against amateurs, professionals challenge professionals, and olympians compete with olympians on different level playing fields; whereas in the stock market, novices, amateurs and professionals challenge each other on the same level field. (more…)

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