People in share market generally feel happy when market moves up and become sad when that comes down. This happens as many have been holding shares of different companies and the balance sheet gets affected.
"Buy high, sell even higher and make money" is a bull market phenomenon. Generally amature traders follow this strategy, though they also may parrot "Buy in bear and sell in bull. Or buy low, sell high"
However, when market goes down it offers tremendous opportunities to make money. "Buy low, sell high and make money" or "Sell high, buy low, sell high and make money". These practices could be seldom seen in our market.
For traders, the choice of strategy is risky as they have limited period of time to hold. But for investors waiting is worthy as they could hold for comparatively a long period of time.
Hence, crying when the market goes down and laughing when it moves up are amature behaviors.
Market moves up and down, down and up, we should move as per our analysis and choices. Sometime it works and sometimes it does not. We should remember, there is next day always, there is next time always. To utilize this next day phenomena, we have to buy in installments and have to sell in installments. Still, risk is there and that is in all areas and also in other facets of life.
P.S. The problem with us is that we make Uttanos and Hariyalis as celebrities rather than acquiring skills and knowledge ourselves. We have became the victims of TAPARTUIYANBAD,
P. S. Definition of Tapartuiyanbad: This is a phenomenon that reflects mental state and behaviriol pattern that combines shallow and superficial knowledge, practice of decision points based on peripherals and serving uncooked meal leballing as tasty one
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