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Exactly. If it eventually turns out you were right, but most people didn't realize that at the time you traded according to your eventually-proven theory, you w
by Slartie 6y ago
Exactly. If it eventually turns out you were right, but most people didn't realize that at the time you traded according to your eventually-proven theory, you will have incurred huge losses at the point in time you finally are proven right. The icing on the cake is that you might even have given up on your idea and eventually decided to just go with the flow regardless of how stupid you think it is, and that might just be the time the market eventually concludes you were right all the time. Then you lost twice.
- SZJX 6y agoIf one is a true contrarian then one would certainly stick to their position until the end, or at least wait for chances along the way while unyielding in their underlying belief. Otherwise the only conclusion is that they are not firm enough in carrying out what they believe in. Of course if they have a bad timing in their execution, they would still end up losing, but lose twice they won't.