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How To Build Conviction In Your Investment And Trading Ideas

How To Build Conviction In Your Investment And Trading Ideas

Update: 2024-05-08
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Sometimes people ask me, Rohit, are you sure as if to check if I am very bullish or just bullish or very bearish or just a little. The problem in my model is that I give equal weight to every trade. Equal position size for each stock and so on.

So, in my communication, I am extremely bearish when bearish and extremely bullish when bullish. Stupid, right? Yes, for other people, it's nonsense, and sometimes people may consider me mad and dangerous. However, my model gives me the confidence to take action in that direction because that is how I create conviction. If you are not convinced about being bullish or bearish, how are you going to take the required actions?

A lot of people struggle with action. Staying long despite losing money is common. But making it actionable requires conviction that something has changed. A strong opinion helps in decision-making, which is how it works for me. Writing about it every day is a commitment that I have made with Indiacharts Insiders that helps in the process of doing the work needed to change. You may not like it, and from the outside, it looks like I am a madman, but from the inside, it results in a decision-making process. Welcome to behavioural finance.
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How To Build Conviction In Your Investment And Trading Ideas

How To Build Conviction In Your Investment And Trading Ideas

Rohit Srivastava