Shorting an asset has the same ego dynamics. The market can take prices to levels on the up and downside that defy logic, reason, and rational analysis. There are many instances where prices rise to levels that make no sense.
Selling short and ignoring the power of the trend is dangerous and could be disastrous. Just because a market price rises to a high, does not mean it cannot go higher, a lot higher.
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Human nature is a powerful force, but it deludes us to believe our gut instincts. When the price of an asset falls to a level where an investor or trader believes is a logical, reasonable, and rational low, they perceive the price as a bargain.
After an initial purchase, if the price contin...
Eliminating ego from all investment and trading decisions starts with ignoring the news, experts, and any inputs other than the herd behavior in markets.
Prices rise & fall to levels that many believe are not sustainable, following trends allows you to take advantage of the...
The annual chart of wood price has never traded over $493.50 per 1,000 board (1993 ATH) before 2017.
After falling to a low of $251.50 in early 2020 as the global pandemic gripped markets across all asset classes, the price took off on the u...
Following trends requires a special skill, which is no skill at all. Ignore expert advice, the news, and any other exogenous forces. The only tool necessary is a simple chart that displays the path of least resistance of the price.
The process is entirely objective, ...
Vanity is excessive pride in or admiration of one’s own abilities, appearance, or achievements. There is a fine line between vanity and ego. Ego is a person’s sense of self-esteem or self-importance.
Vanity may be the devil’s favorite sin, but ego can be a ...
On April 20, 2020, in the crude oil futures, came to 0$. Who wouldn’t want to buy crude oil at zero? After all, what is the risk?
As the history shows, a purchase of the expiring futures contract at zero looked more than ugly at negative $40 per barrel, the April 20, 2020 low.
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