When you look at the Sun in the sky, do you know that’s the image of the Sun 8 minutes 20 seconds ago?
You may think you are looking at the Sun; you are not.
Talk about looking at illusions. Wink.
When you use fundamental analysis, are you not driving using the rear view mirror?
Unless you tell me you have access to the annual reports for 2018 up till 2048 now?
Same for those of you who prefer the voodoo art of technical analysis. All those beautiful chart patterns and indicators, are they not a snapshot of what has already happened?
(Those who trade Price Action, I bow in reverence to you. Can’t poke you. You trade the here and now.
Now you know why when prices go up, everyone is an “expert” on that stock they owned. Go round telling their friends and families to own it. Look! Its a no brainer!
Talk and behave like sell side analysts, full of conviction with your recommendations.
But when the same stock suddenly turns south…
Some jump all over the place searching for answers like headless chickens.
Some get frozen with inaction like a deer caught under the headlights of a car.
Investing and trading is a lot like Zen.
The more I know, the more I realise I don’t know…
Singapore Man of Leisure (welcome to my blog; just google it!)