In the markets, the majority rarely win, and when they do it is rarely a really Big Win.
At times the majority are called the 'crowd' or the 'herd', because people like the conformation that comes with sticking together in a group.
When trading the markets, being a contrarian is often a positive, so try to develop the contrarian side of your personality.
For instance, whenever you read broker report about a certain stock, or some form of expert analysis (on the economy or commodities or the markets generally), my experience is that about 75-80% of the time it will be wrong (sometimes just 'somewhat' wrong, other times 'dead wrong'), and 20-25% of the time it will be right (to some degree). Trouble is, there is no way of knowing at the time which it will be this time.......only in hindsight can you look back and know.
So always be sceptical and questioning, and try hard not to always be part of the crowd. Think independently where possible.
Look at the price of whatever it is that is being spruiked at the time, if it is already at its highs, and has been in an uptrend for some time. And you are being encouraged to buy, then be wary that buyers are only wanted to create demand to be sold into by those already in proft.
