Escape from the market refugee status!

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Serial: The Heart of the Market, the Essence of Trading, Part 27

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A refugee is a person who has been forced to flee their country for political reasons or otherwise.

In extension, it also refers to a state of being highly indecisive about things, and is called a refugee in that sense.

New book: “A Steady Investment Method, An Unbending Investment Philosophy”

In it, the coined term “market refugee” is introduced,

defined as “an investor who hesitates and shows signs of thought paralysis.”and described as “an investor who hesitates and stops thinking.”

From the section “To avoid becoming a market refugee,” here is the concluding part.

“Do not wander from seminar to seminar, read endless books, or become brainy without practice.

Once you choose one method, you should continue with it until you master it. Then, after that, you can learn about other methods, and you will see your own method more clearly.”

(End of quote)

I will introduce an extreme example.

There was a seminar about money, using as material a book by a real estate investment success story that became a bestseller. But the organizer was not connected to the author nor to the publisher. They only used the book as “material.”

Moreover, at the end of the seminar, the lecturer said, independently of what had been discussed, “From now on, it’s network marketing!”—a sudden twist.

What a bold and rough progression!

Nevertheless, many attendees, with only a vague desire for a “good story” about money, stayed and pounced on the dubious network marketing pitch, it seems.

Could there be such nonsense?

Only someone extremely naive would be taken in…

You might think so, but let’s consider investors honestly.

If you chase every opportunity, watching price movements with bloodshot eyes, you may act on a senseless idea at any time, anybody.

Remembering this dubious seminar and recounting it here proves that it is an event I cannot completely ignore.

In a modern world overflowing with information like a flood, narrowing your actions is surprisingly hard. It requires a certain “resolve.”

Please approach investment activities with your own sense of resolve.

Study, trading, market discussions… if you have a solid core inside you, you won’t fall for cheap scams, and you can evaluate even subtle information accurately.

Incidentally, recently there has been talk of widespread scams using virtual currencies like Bitcoin… Please be careful.