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Technical can mean a lot of different things. For me the most important technical thing to achieve in the market is what many Gurus said:-
"Can you sit still in the market and wait while others are rushing here and there"?
And mine you there are speculators, traders and investors among the GURUs who think like this.
Don't ask me to show who are they? Go and google or read yourself.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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I have seen how REAL traders work. They also have to put in a lot of work. They are also highly connected but those who think they can live on tips are highly mistaken. Many hedge funds are actually trading background. They are also not to be mistaken with sculpers.
Many times it's a matter of timeframe and risk/reward. Both buy AND sell calls can be correct depending on timeframe and execution. That's my pragmatic observation.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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