Wednesday, 7 November 2012

Random Thought - Strategy Formulation

A strategy is not developed in a day. For formulating a successful strategy, it is important that you fail in the earlier strategies. Strategies mature with time. You fall and rise. Strategies can only be developed by learning from experience. Your strategy cannot come out of a book. If it has come out of a book it cannot be called a strategy, it is a technique. And techniques are too predictive to be true.

When it comes to markets, keeping patient and controlling greed is what helps in creating successful strategies.

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