Game Of Investing.

Game of Investing requires certain qualities & virtues falls as in --CONTRARY THINKING Investors trend to follow group or crowd coz as a difficult subject investment, generally people don't trust their own decisions & judgements.But this produces poor investments. If everyone fancies a certain share, it soon become overpriced. Thanks to "bandwagon policy",it is likely to remain bullish for a period longer than what is rationally justificable. But sooner or later market correct itself and often price falls drastically down and sharply causing widespread losses.

Given the risk of imitating others and joining the crowd must cultivate habit of contrary thinking. But again, should not ofcourse interepreted to mean that you should always go against the prevailing market sentiment. You will miss money opportunities presented by the market swings. The best one can say is "Go with the market during incipient and intermediate phases of bullishness and bearishness but go agains the markets when it moves towards the extremes Avoide stocks which have high price ratio.A high relative price earings ratio reflects that stock is popular with investors. Recognize in the world of investment, many people have temptation to play wrong game. Sell to the optimistic & buy from pessimestic. While farmer hopes the further will be marvelouos,the latter fear that it will be awful. But reality often lies in somewhere between. So its good policy to between the too extremes. Desperate your buying/selling,dont be overzeoulous.,fix targets, dont buy when market is narrow and sell when market is at peak. Follow market trend and correct timing which is provided thus handsight wisdom. Never look back once you book profit whether it goes up or down. PATIENCE -- Young investors are generally aggressive and impatient and in hurry to make quick money and ultimately takes wrong decision and conduct poor investment strategy. Old people display high degree of patience. Understand your own impulses and investment towards greed & fear, surmount these emotions that can wrap your judgement & capitalize on the greed & fear of other investors. Flexibility & openness - Nothing is more certain than change in the world of investment. More economic conditions changes, new technologies and industries emerge, consumer tastes & preferences shift, investment habits alter and so on. All the developments on industry & consumption prospects on one hand & investors expection on other. Decisiveness refers to an ability to quickly weight and balances a variety of factors from a basic judgements & act promptly. It reflects to take decision after doing proper homework ofcourse! Without being overwhelmed by uncertanities characterising the investment situation.