Conviction18 Apr 2024 12:01
Jamrock, if your investment strategy is predicated on the signals emanating from Britishbulls.com then I strongly suggest you have a re-think on your investment here, or any other value stock that requires patience and conviction in the fundamentals. Unless, of course, you’re a Day Trader? In which case, and as you probably know, time is never on your side. And no matter how much time you spend trying to decipher intricate patterns and strategies, the odds of being correct are notably slim.
Recent research by the FT's market team revealed that even the most skilled professional Day Traders were correct only 47% of the time, while average traders fared even worse at 6.5%.
By the way, and just in case you were unaware, the aforementioned site is commonly referred to as ‘British bull***t across most brokerage houses for its staggering inaccuracy. And Zak Mir’s daily ‘pearls of wisdom’ is not far behind that.
As for me, I have, and always will be, a Value Investor. And for a good part of my 25 years in the game, and working for a few start-up brokerage houses in that time, I have largely done well on this strategy.
Remember, risk comes from not knowing what you’re doing.
And in the realm of AIM investing, conviction can be a double-edged sword. Leverage it properly, and it becomes your strongest ally, leading you to investments that can alter your financial course. Misuse it, and you can find yourself drowning in a sea of losses.
Thus, the Value Investor's biggest adversary isn't the unpredictable market, but rather their own reflection. The fear, greed, doubt, and impatience it mirrors can be more detrimental than any bearish market trend. That's why mastering the ability to hold firm to high-conviction investments is crucial.
Howard Stanley Marks, the serial value investor, provides an essential nugget of wisdom here; In an era where social media often spreads baseless rumours or inaccurate assessments of stocks, it's easy to be swayed by public opinion. However, a true conviction investment is one where you have an unshakeable belief in your position, even when the consensus is against you.
Jamrock, do you have an unshakeable belief in the fundamentals (of Sondrel)? EVEN WHEN THE SHARE PRICE IS NOT BLUE? If you do, then the noise emanating from Britishbulls, ZM, or any other Day Trading platform, is utterly immaterial. Which means, you don’t need to keep tracking the share price every hour. Just be patient. The fundamentals will eventually come through. However, remember, NOTHING EVER GOES UP IN A STRAIGHT LINE.
AIMHO.
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