The correct market strategy for oneself…
…is like a holy grail.
It doesn’t come for free.
Some don’t attain it at all.
Mostly, one does get to it but is not able to maintain it.
It’s great if you can arrive at your correct strategy, and keep it alive, forever.
However, that’s a huge statement.
Lots of caveats will need to be addressed before this statement can be made achievable.
What works for me is lots of hit and trial.
One gets a feel for what is disturbing (to oneself).
Internalization gets our reflexes going on auto.
“Insiding” is a term that I’ve made up signifying the struggle one goes through recognizing whatever needs to be recognized and arriving at one’s correct strategy.
This act of recognition comes from taking hits, year after year, till one is street-ready to handle whatever the street can offer at its worst.
Market action is mostly about making mistakes.
One keeps these small.
Whatever you end up doing right for yourself, …
…, yeah, that’s what you’re scaling up.
Out of ten attempted ideas, one might work.
Out of a hundred, three might work exponentially.
These are the ones.
Stick to these.
Scale them up.
Whatever it has cost you to arrive at them, is mere tuition fees.
Yes, that’s how you’ll need to see things, to remain sane.
Be happy – at least you have something concrete in your hands – a strategy that works – that’s huge.
The moment you see it turning incorrect, leading to market mistakes, just tweak, tweak tweak till the strategy starts working again.
Tweaking will go on as long as markets exist.
What’s a market mistake?
A market mistake is anything that makes you lose money consistently.
A correct strategy is something that yields money consistently.
That’s why one needs to keep things small till major mistakes are out of the way.
Make mistakes, sure, they are bread and butter.
Just don’t repeat them.