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16/04/18
17:57
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Originally posted by EtfTrader
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You may be here to understand the process but I am here to make money over the long term. No point being a genius in the process when the net result is ZERO. If you think that those events that I have mentioned are just guess work then mate you surely don't understand how the world works. I wont get into the details but if you have not passed that test then you are designed to lose money over the long term. That's how it is. 95% loose so that 5% make the money. I like being in the 5% over the long term. I know it hurts your ego to not pass that test as in hindsight we all know whose swimming naked and most probably that naked guy is you. I hope I did not take it out of context this time.
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Voost is right, investors focus on the process which leads to the outcome.
Often quick returns can be made by speculators in a hot market encouraging ever larger and more dangerous commitments.
An investor may do the right thing but still be affected by short term developments.
The process is all that matters and how you refine it as new information comes to light.