A friend of mine once told me Positive Attitude is the MANTRA for success.
Now some may say being positive is good but one has to be a REALIST too. Isn’t that just COMMON SENSE or maybe not. I believe human psychology plays a very important part in whatever we do as humans. And I do mean everything relationship, business, career etc.
Let us explore this more shall we?
Most of us who operate in the market or just watch the market have witnessed the markets going UP on bad news and vice-versa. And sometimes the strength of these irrational or unexpected moves will make you want to lose all your foresight, judgement, wisdom and commonsense. You will be tempted to abandon your own view and just follow the trend. There are some who do follow the trend. And there is nothing wrong with that. You don’t need to beat the market consensus but just profit from it. But sometimes bucking against the market consensus does pay well in the end. We all know that the markets have a habit of getting either too optimistic or too pessimistic and this has a lot to do with the market psychology. continue reading »