Have you ever noticed when you start studying some technique that almost immediately you get the feeling that everyone is doing that? It starts with a search engine, then forums, then a lot of other things, and you get that sensation that you are jumping to the new trend in investing. With the market being in the end highly counter intuitive, this will put a big hurdle right in the beginning as you will have to deal with your own insecurity and only after you can get through the market.
Let's consider an example: You finish reading a book with a very interesting theme like covered calls. The subject is fascinating and makes a lot of sense. You dig further, and find many sites that are full of members devoted to this trading strategy. You begin to look for potential failures and testimonials for someone who got it wrong. After a while, you are inside a world that makes you think that nothing else makes sense. You just found the closest thing to a holly grail.
Then comes disappointment, all the dreams you had seemed to vanish slowly and like a drug addict you will go through all the phases: disillusion, disappointment, frustration and in the end you give up.
Let's consider an example: You finish reading a book with a very interesting theme like covered calls. The subject is fascinating and makes a lot of sense. You dig further, and find many sites that are full of members devoted to this trading strategy. You begin to look for potential failures and testimonials for someone who got it wrong. After a while, you are inside a world that makes you think that nothing else makes sense. You just found the closest thing to a holly grail.
Then comes disappointment, all the dreams you had seemed to vanish slowly and like a drug addict you will go through all the phases: disillusion, disappointment, frustration and in the end you give up.
Can you avoid all of this? maybe not...
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