If you are looking for 100-baggers, you must adopt a certain mindset. Unfortunately most of the investors/traders are on the wrong path.
Inspiration is perishable, act on it immediately. Opportunity cost is THE most important thing most of you don't realize before it's too late.
Dear Friends,
If you are really serious about wealth creation (if it is not just a wishful thinking), it should get reflected in your behavior or your character. Looking for 100-baggers means you are not going to care much about macro or micro economy like what FED or RBI is going to do, where inflation or interest rates are going, whether crude prices are high or low, you will be least bothered about the geopolitical issues or who got how much thru electoral bond or political uncertainty like who will come to power in 2024 :-). All these discussions are good during coffee table gossips but not good for health & wealth. Biggest problem is doing gossips on these topics not only kills your precious time but also create addictions.
Recently I saw a Youtubers who started a channel doing gossips on “Kya Lagta Hai (What do you think about market?)” and you know he was successful in attracting lakhs of viewers because most of the market participants are actually on the wrong path, they enjoy doing something which they are not suppose to do, they are more focused on market outlook not on the business model of the company they invested, they are more focused on news which are perishable like electoral bond, what Hon CJI is doing with SBI etc., they enjoy knowing about macro/micro economy but hardly care about emerging trend, do not wish to know new govt policies which produces multibaggers.
That is why very few people really makes money and rest all do just a wishful thinking. You are not going to buy a stock because you like the chart or your chart is showing weakness / strength etc. Paying attention to these things is a distraction. Investing for 100-baggers means you have to plant your feet firmly in the ground and stand still.
How to adopt the needed 100-bagger mindset: “Don’t Chase Returns”
This simple yet profound statement encapsulates the essence of seizing opportunities when they arise. In the world of stock market investing, this principle holds especially true. Many successful investors will attest to the fact that timing is crucial when it comes to capitalizing on investment opportunities, and delaying action can often lead to missed chances for wealth creation.
Consider this: you come across a promising company with strong fundamentals and a compelling growth trajectory. Your research indicates that this company has the potential to deliver significant returns over the long term. However, instead of acting on this inspiration immediately, you decide to wait, hoping for the perfect moment to enter the market.
But here's the thing: in the dynamic and ever-changing world of the stock market, the perfect moment may never arrive. Prices fluctuate, market conditions evolve, and opportunities come and go in the blink of an eye. By hesitating and delaying action, you risk missing out on the potential gains that could have been yours if you had acted swiftly.
So, the next time you feel inspired to invest in a promising stock or take advantage of a lucrative opportunity in the market, remember: inspiration is perishable. Act on it immediately, seize the moment, and commit to your long-term investment journey. Your future self will thank you for it.