“Be fearful when others are greedy, be greedy when others are fearful.” – Warren Buffett
Wise words, but it is exceedingly difficult to practice as it is much easier said than done.
It is, because, the way our human emotions work and the way we’ve been trained, seasoned, conditioned to become who we are today.
Think about it, since you were young, you’ve been taught to save where there is deficit and to spend where there is surplus. Most of us been conditioned in this way for the last 20, 30, 40 years! So when you come to the market, it is exponentially difficult and most terrifying to accomplish that simple application; which is to go against your human nature to spend (not save) when there is deficit and to save (not spend) when there is surplus.
Let me prove it to you:
- When a stock sees a scary and bloody-red correctional days, you don’t get excited (you get scared) even though stocks are much cheaper now (but you do get excited when your fashion stores go on sale)
- When a stock is going up and up, you get overly excited and you feel like buying everything (but you don’t want to buy any clothes unless they go on sale)
So in hindsight, to be successful in the stock market, you would have to essentially do the opposite of your inclinations.
We’ve witnessed one of the most volatile market ever produced.
Especially 2018, 2019 and 2020, arguably, one of the most terrifying declines we’ve seen in a decade because of it’s sheer ferociousness with it’s abrupt and rapid declines.
Since the market bottomed in 2009, we’ve never seen this market coming straight down without a warning or topping signals:
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- 2018: 12% decline in just 6 days
- 2019: 20% decline in just 60 days
- 2020: 35% decline in less than 30 days (historical record)
“The time to buy is when there’s blood in the streets” – Baron Rothchild
Also wise words, but it is extremely difficult and down right terrifying to practice and apply this in the stock market–to buy when there’s blood in the streets.
I believe conquering fear, learning to be discipline while going against the majority are the keys to become a successful trader.
Just like anything great in this world, it will take years and years of devotion and sacrifice to achieve greatness.
I see that most people FOMO, YOLO, gamble away their “trades” hoping to hit it big like winning a jackpot. Did you know that 95% or more of all gamblers lose overtime? If you treat this market like one, your probability of winning is less than 5% in the stock market.
I wish to share my journey from 2016 through 2020 with you as it has been one of the most difficult market I had to deal with. However, it became my career-advancing opportunities that I was able to seize to get to the next level in my own journey in this quest.
As I’ve gone through the ups-and-downs in the last several years, I can see and feel that I am that much stronger than ever before.
I hope that the materials and footages that I’ve documented over the years will help you in your own journey.
Don’t just overlook it, because..
“We should study the past if you would define the future” – Confucius
COMPILATION (S&P 500 Chart)
1: The Bulls fight For A Major Reversal
2: Why The Stocks Will Bounce
3: New Secular Bull Market Ahead
4: Hang in there, bottom is near
5: 2019 Is going To Be Huge
6: S&P 500: 4000 In Few Years
7: End of The Bull Market? (Part 1)
8: Generational-Lifetime Buying Opportunity
9: End of The Bull Market? (Part 2)
Honorable Mention: 2020 March low bottom call
2K Classic: 2016: Market Crash NOT video
