“Don’t argue with the market. Never try to prove you’re right and the market is wrong.” – William J. O’Neil, MarketSmith Founder
In the last week’s learning article, we discussed how a rules-based investing system helps an investor to stay clear of biases. Biases can be of two types: cognitive biases, which stem from faulty reasoning, errors in processing information, and memory errors; and emotional biases, which arise from emotions rather than any conscious thought. Between these two types of biases, cognitive biases are easier to correct, through understanding one’s mistakes and learning from them.
Continue reading “Investor Biases”
Status: Confirmed Uptrend
– Market environment conducive for new purchases, but remain selective.
– Focus on fundamentally strong stocks breaking out of strong technical patterns.
– Stay disciplined and exercise sound buy and sell rules.
Continue reading “Weekly Big Picture – Key Indices Fail to Cling on to Higher Levels”
The benchmark indices made impressive gains during the day; however, ended the day flat. The broader markets underperformed the benchmark indices.
Continue reading “Daily Big Picture – Key Indices Fail to Hold Gains; End Flat for the Day”
The benchmark indices extended yesterday’s losses, while the broader indices continued to build on gains from yesterday.
Continue reading “Daily Big Picture – Key Indices Recover from Day’s Low to End with Minor Losses”
The benchmark indices ended the day with marginal losses. The broader indices recorded minor gains.
Daily Market Review
The benchmark indices were range bound in today’s session due to lack of domestic and global market triggers. Further, investors seemed to take a cautious stance as the roll-out date for GST approaches. After starting the day in the positive territory, benchmark indices pared its initial small gains to end flat.
Continue reading “Daily Big Picture – Key Indices Trade Flat in a Lacklustre Session”