Rev’s Forum: You’re Not Kreskin; Stop Trying to Predict Market Moves
“Life is 10% what happens to you and 90% how you react to it.” –Charles R. Swindoll
Many market participants believe that the key to market success is the ability to predict the future. If they can figure out what is going to happen next week, then they can make the appropriate moves and produce huge gains.
That sounds like simple logic, but it can be a major handicap to think that the market is about psychic ability. In fact, the inclination to focus on prediction can put you in a very deep hole if you are stubborn about a certain market scenario developing.