|Re: The stock market is like a beautiful woman, always |
Love that description. Excellent!
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| Reply to JesseLivermore - Msg #2215618 - 12/08/2011 18:19|
Re: The stock market is like a beautiful woman, always
Appealing The stock market appeals to everyone - the ignorant and illiterate, barbers and bartenders, brokers and bankers, best and brightest, professionals and people from all walks of life.
Generally, the stock market is perceived as a marketplace to get-rich-quick, make a fast buck, make a killing and turn rags to riches.
Challenging----> The stock market challenges all kinds of players - gamblers, speculators and investors. In the game of sports, amateurs play against amateurs, professionals challenge professionals, and olympians compete with olympians on different level playing fields; whereas in the stock market, novices, amateurs and professionals challenge each other on the same level field.
No wonder so many losers who think they know the stock market lose to so few who know how to “play” and win the stock market game.
Fascinating---> The stock market fascinates everybody. It is an animal market - buying and selling sheep, deer, bulls, bears, dogs, cats and pigs.
Winners buy sheep “cheap” and sell deer “dear”. Losers buy deer “dear” and sell sheep "cheap”. Winners are the bulls and bears. Losers are the dogs and cats. "Bulls make money, bears make money, pigs do not"…. a Wall Street axiom.
Captivating ---> The stock market captivates different types of players. Gamblers bet on a "story" such as hot tips, insider information, rumors and gossip. Speculators trade on technical charts and price fluctuation. Investors rely on fundamentals and value.
Winners take credit for their skill and smartness. Losers blame everyone (tipsters, stock brokers, investment advisors, portfolio managers, politicians, etc.) and everything (stock market, crisis and bad luck, etc.) except themselves.
Mystifying ---> The stock market mystifies people. In the marketplace, people "buy low" at wholesale prices, "sell high" at retail prices and make profits. In the stock market, people "buy high" at retail prices and "sell low" at wholesale prices and suffer losses.
"Buy low, Sell high" is a stock market wisdom. It is common sense, but not so common. "Buy high, Sell low" instead of “Buy low, Sell high” is mystifying.
Knowing, understanding and appreciating this beautiful woman is the art of winning the stock market game.