Last week, I happened to watch one of the live interview with Warren Buffet conducted by either CNBC or Bloomberg, I can't really recall. There were so many matters discussed for sure but the one that caught my attention most was this...
"Uncertainties are your friend in any market... Be their friend and learn how to deal with it..."
You see, the key here was that so many market participants were asking his opinion on how the market would perform this year and beyond, and he deliberately answered that he doesn't know... though he does form certain opinions on how certain stocks would perform etc. At that moment, he was commenting on Kraft bought over Cadbury matters that somehow had a stint on the overall market movement... anyway...
Back to the gist of the discusson, the key point that I would like to share here in trading is no other than - UNCERTAINTIES...
Even a super-seasoned trader like Buffet can never tell what exactly will happen next, then what about us who hardly knew the real meaning of the market itself.
So learn to accept that uncertainties is an important equation in the game of trading. No one knew exactly what will happen next but of course, you could and you should take your chances base on fundamental and technical analysis plus most importantly... a calculated risk that employs sound risk management that would keep you in the game in the long run...
Safe Trade Guys... waiting for FOMC report's market reaction tonight... staying out for a while... it's just too risky to stay in at the moment...
;))
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