Many a times, we look at those who shared their huge profitable positions with envy, awe and admiration. And we wonder why it is not me.
We need to differentiate whether the profitable trade is a once-off event or a series of success trades.
If a trader, investor or speculator can hit a high success rate then we say he/she knows his/her stuff. Or else, there is no need to to admire or envy them.
Retail players who treat the market as a gambling place will generally return all thier gains eventually because they cannot produce the same results consistently.
Along the way, many will fail and fall and give up completely. And some will plough on.
Eventually, all of us have to ask ourselves what are the objectives and goals (long term vs short term, passive vs active, speculative vs analysis, value vs growth etc) when we invest.
I hope we will achieve our goals eventually (monetary rewards, retirement etc).
All the best to everyone..
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