At this juncture everyone has the same regret. They all wish they had done more. When they had a chance. Which was all in the last four or five months. We could all see that the market wasn't going up anymore. But what did we do? Mostly, nothing.
Some of us did, though, but the wrong things! We bought more out of a thinking that said the prices were "cheap". Well, we just found out that cheap is a relative word.
So doing is not just the thing. Doing right is the real deal.
Some of us did, though, but the wrong things! We bought more out of a thinking that said the prices were "cheap". Well, we just found out that cheap is a relative word.
So doing is not just the thing. Doing right is the real deal.
But for doing right, you have to first think right. But realise that thinking is also doing something, isn't it? In order, therefore, to think right, you should have learnt right! Now, learning is also 'doing' too!
When it was time for you to learn way back, you didn't do it. You probably thought that you didn't need to do. Learn, that is. And that was because the market was doing its thing, right? It was being bullish, acting and behaving bullish — that is really the doing of the market. And now, the market is doing its other thing — being bearish.
All around you there are lots of "doing" that is going on but are you aware of them? Trainers are doing their thing. YouTube is bringing it to you. TV commentators are researching (doing) and bringing (doing) it to you. Channels are broadcasting (doing) it to you. Your eyes are seeing and your ears are hearing (oh, maybe you got the Mute button on?).
Isn't everyone and everything doing whatever they need to do? How about you?
You are here in this soup because you did nothing. You lay on your couch and let your eye rest on the TV screen without really seeing. You didn't listen even if you might have heard. You didn't understand the value of the research and analysis that the TV channels were putting out because you weren't really paying attention. And finally, you acted on a buy without thinking it through any.
And then the prices peaked at the end of September and you hoped for more. They created declining patterns and you hoped that they would soon right themselves. They broke support zones on the charts and you hoped that the next rally would correct that malady. Then they rallied and you again hoped that prices would come back. All the way. But they didn’t and they slid. And you started hoping that, at the very least, they would come back to where they reached recently.
And so it went. Until now. And you look back and wonder how things got so bad? And raised your finger towards this and that and another. But none of those seemed to explain how you got into the mess.
Until you looked in the mirror. And there you were, still slouched on the couch with TV on and on mute, with videos running at 1.5x speed on your mobile and you glancing at it now and then to see if you can pick up some tip, and rest of the time, reading your WhatsApp messages till somehow you realised that it is 3:30 p.m. already and the day's play is over.
Oh well, you tell yourself, maybe tomorrow will hopefully be a better day and this stupid market will come to its senses and all those wretched operators will get screwed in this great strong rally that is going to emerge- soon. And yes, your neighbour chap, who sold in early October 2024, hopefully will get his comeuppance, and his over-smartness will stand exposed! And finally, hopefully your wife will forgive you and allow you back into the bedroom from where you were banished a while ago. For what? That is what you can't understand yet — after all, you did nothing at all!
CK Narayan is an expert in technical analysis, the founder of Growth Avenues, Chartadvise, and NeoTrader, and the chief investment officer of Plus Delta Portfolios.
Disclaimer: The views expressed here are those of the author and do not necessarily represent the views of NDTV Profit or its editorial team.
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