Market is God!
But this is a different kind of god. And a fellow top trader explained it to me long time ago. He said, and listen to me carefully to appreciate the logic behind it -
If you simply ask the stock market that you want XYZ% annual returns, you will get it as long as you are able to quantify what XYZ% is. That's right you will just get it or find a way to get it. But you will blow up your account if you do not define what this XYZ% is. Because then, you will be in the never ending cycle of fear and greed.
Hence, it is so important to know your entry price, stop loss price and target price before you enter a trade. This summarises it all.
