ajay124
Well-Known Member
Ajay,
If market is falling or rising rapidly would that be a herd instinct?
If yes. then what is the way out, go against the market by going short/long or something else?
V.
vinay
In the past I tried to go against the movement of the herd. I got badly bruised, trampled over and lost my entire capital. I withdrew from the market with 45 rupees left in my account! I consider what I lost as a blood sacrifice which has to be offered to the gods of the market by every new entrant.
In my second outing I have recovered most of what I lost. Simply by identifying the leaders of the herd and hitching my wagon to the star they are following