Along for the ride, just like a flea on a dog's back - Aussie Stock Forums

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  1. #1

    Post Along for the ride, just like a flea on a dog's back

    In the share market I do not mind hitching a ride with strangers because I understand that I am not a partner in that business or company.

    Thinking you are a “Partner/Owner” just because you own some shares in the company is one of the most “FATAL” beliefs in the market.

    Accept who you are and the role you play and that “Like that flea on the dog” you are just along for the ride.

    This is not a time based strategy; it can be for one day, one week or a month or even longer. It all depends on the length of the ride and the trend of the stock as long as it is heading upwards and that’s the way you want to go.

    As soon as the trend finishes or changes direction (goes downwards or sideways) then it is time to jump off. The choice is yours.

    You then wait till the trend restarts upwards or you can look for another ride elsewhere.

    The only thing YOU have control of when you buy a stock is your “Entry point and your Exit point.”

    I hate to say it, but you have no control over anything else not even the time. Of course if you want to make a profit your timing has to be spot on but then again that is the exit point.

    You alone are the only person that can turn a small loss into a bigger one.

    A Bit of Homespun Philosophy

    Everyone has the same access to information that we do or earlier. But it is the same information none the less. Except for insider information.

    Share Price behaviour reflects around EMOTION. Today’s price is a continuation of yesterday’s crowd emotion.

    Future share price behaviour is best analysed as a probability factor.

    Risk is directly related to price and is manageable.

    Most people avoid the mistakes they have made in the past. And a lot of people spend their lives playing it safe. Avoiding the lessons their past mistakes have shown them.

    Excuses are really lies you tell yourself. Make an effort not an excuse.

    It is not the information you have that is important. It is what you do with that information that counts.

    The main reason for the difference in the final result is our individual response to Fear and Greed.

    Ignore “Hot Tips” unless they are backed by your OWN independent analysis.

  2. #2

    Default Re: Along for the ride, just like a flea on a dog's back


    You doing some personal Affirmations?

  3. #3

    Default Re: Along for the ride, just like a flea on a dog's back

    Certainly do. Every little bit helps to get the mindset right.

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