Take a leaf from the words of Prophet ELIJAH And Elijah came to all the people, and said, “How long will you falter between two opinions? If the LORD is God, follow Him; but if Baal, follow him.” But the people answered him not a word.(1 Kings 18:21-New King James Version)
If you spent some time and look up the other Bible versions, you will find similar words like “struggling, wavering, hobbling,limping, faltering, halting, hesitating “ in replacement of “falter” in the above verse.
Each day, we are inundated with hundreds of decisions to be made. You set your alarm at 6 o’clock to go for a meeting. When the alarm sets off, do you hesitate to wake up? Do you think of sleeping 😴 in for another hour because you were drinking last night?
It’s the pandemic 😷 season and boss is reducing headcount to save costs and your workload has increased but not your pay. You were not happy!Then, boss sent you a text message to work overtime this weekend because he needs some urgent data to be pull out to present to a new client. Do you struggle to say yes 👍 ??
In the game of trading and investment, every minute, hour, day , week, month and year; there are opportunities for you to take. Often, we hobbled between these decisions :
To buy or not to
To enter now or later
To take profits first or wait some more
To cut loose the losses or pray for miracles
To short now or wait for signal
To follow this or that author ✍️ or do my own research 🧐
To buy stocks or ETFs or crypto currency
No wonder many retail traders suffer from insomnia, gastric pain, irritable 😡 mood swings, ulcers, etc.
In short, STRESSED 😫!!!
Every action that we take leads to some consequences and it is the latter, the unknown future that gives us no certainty that freaks us out. What if I buy now and it starts to drop? What if I short now and price keep going up??(Think Tesla :many short sellers busted their accounts)
And how do we decide on our course of action?
Imo, it is a mixture of our own intelligence , past behaviour that yields a certain results, what you read and got influenced, your state of emotions at that time and your goals.
Intelligence here can means your own sense of logic. For example, you think 🤔 that current US stocks are overvalued and you shorted Apple , SPX500, etc.
Past behaviour: trade forex lost money but got some good profits from stock so stick to stocks!
What you read : the sensational media loves you to pour over what they published daily. The fear mongers who proclaimed market is going to crash!
Your state of emotions: you receive your salary that day and you are in a good mood to invest!
All decisions carry risks. period. Even inaction itself is a risk because sitting on the fence can means you missed a great opportunity, escape from the killer fall (think GameStop plunge).......
For me, I have a firm belief that God wants to prosper me beyond what my barn can hold like the sand in the 🌵 deserts or ⭐️ in the sky......
And each win, big or small stacks up higher and higher and my confidence grew little by little. The more I share my knowledge, the more I grow financially,,mentally and spiritually as well.
Some may take actions after reading my posts, others like it and decide to do some research on their own while some others simply ignore it. And that is fine with me!
We all learn differently. Identify your own learning styles and find one that suits you. Take a small trade and test our your hypothesis and you may be surprised that is the seeds to becoming the next millionaire!
