Swami Vivekanand, He who is overcautious falls into dangers at every step; he who is afraid of losing honor and respect gets only disgrace; he who is always afraid of loss always loses
This is an extract from the speaking tree of the spiritual columns of the times of India(4/4/2004). It further elaborates on how India lost the Bangalore test because of an overcautious approach.
Applied to the stockmarket, this is the paralysis due to analysis syndrome. Whether it is technical or fundamental analysis, the stockmarket presents a mass of information to deal with and unless one learns to be lean and mean and takes quick decisive action, success is not possible. Over information is bound to be a liability. Swami Vivekanands last line in the para above also literally applies to the stock market. Why be afraid of loss when we have strict stop losses?
This is an extract from the speaking tree of the spiritual columns of the times of India(4/4/2004). It further elaborates on how India lost the Bangalore test because of an overcautious approach.
Applied to the stockmarket, this is the paralysis due to analysis syndrome. Whether it is technical or fundamental analysis, the stockmarket presents a mass of information to deal with and unless one learns to be lean and mean and takes quick decisive action, success is not possible. Over information is bound to be a liability. Swami Vivekanands last line in the para above also literally applies to the stock market. Why be afraid of loss when we have strict stop losses?
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