Posted by cheoky > 2019-11-11 21:25 | Report Abuse
maybe need to be a agent of chaos -quoted the dark knight.
having plan is also indicative you know more than market participant. APM suck u see....
Posted by TNS > 2019-11-11 21:26 | Report Abuse
'having too much knowledge perhaps is also hindrance to making money in bursa.'
100% agreed with you.
Posted by Ricky Yeo > 2019-11-12 04:31 | Report Abuse
How is that having too much knowledge is a hindrance to making money?
Posted by cheoky > 2019-11-14 21:59 | Report Abuse
maybe knowledge gave us perception. especially your knowledge is obtained through voracious reading and went through your own internal vigorous reasoning. then you arrive at the conclusion this is the correct knowledge.
with such, you approach the market with your knowledge.It becomes bias. market is fluid and creating new conditions by itself. Your knowledge had becomes ineffective to make money.
maybe i am wrong too.
Posted by Ricky Yeo > 2019-11-15 04:29 | Report Abuse
Yea you're not wrong at all. Knowledge can become a curse if we cannot abandon it when reality has changed. But that doesn't mean it is better not to have knowledge. It is like being rich can have many issues, so lets not be rich. Doesn't work that way right?
The way to solve this is to convert knowledge into wisdom. Having wisdom means you know when you should rely on your knowledge and experience to guide you, and when to throw it away; know when knowledge betrays you. Gaining knowledge, and subsequently, wisdom, is a mean to have a mindset to stay open mind and update ones knowledge (meaning constantly killing your ideas), it is not meant to be kept as a treasure or trophy.
Knowledge and wisdom has to be fluid and dynamic i.e constant learning and updating, otherwise it would be a liability rather than an asset.
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Posted by cheoky > 2019-11-11 21:23 | Report Abuse
having plan in stock market is also a false sense of omniscience and infallibility.
having too much knowledge perhaps is also hindrance to making money in bursa.
what is then a better way.