This post comes after
really long time… It’s been over 1.5 yrs since I blogged about markets. I had started with so much excitement about
blogging and had made up my mind to put all my stock ideas on web so that I can
read, analyze and introspect the winning and losing ideas over a period of
time. The idea was to see how I think and feel about the markets at different
points of time. But then I crashed and burned out even before it all started.
So what went wrong and what was I doing for all this time? No, I haven’t been idle for all these months and neither was I away from stock markets. It was combination of factors that pulled me away.
First, it was Compliance.
As my blog started receiving attention from my peer circle, the news reached my
boss. While he appreciated my writing style and thoughts; he urged me to not
indulge in expressing views openly as it will breach company’s compliance
policy. He was penchant about the idea to be introspective of past opinions and
believed in blogging; but wanted me to blog ‘anonymously’. I readily agreed, as
this blog was never meant to bloat to outside world of my capacities but it is
a real test to understand my thinking pattern and stock ideas. Since then, I
have changed some sections of d blog to not reflect my identity.
Second, I was trapped into
‘Too busy’ cycle- managing and doing too many things at time. At work, like
most other people in this world of equities and investment banking, I was occupied
in long-hours extending into late evenings on most days. And outside work, I
was occupied preparing for CFA level 3 exams last year which were eating away
my weekends and even weekdays. With god’s grace and determined efforts, I have
managed to clear the exam and now a CFA charter holder.
Third, it seemed that
blogging is easy and not much time consuming… But no I was completely wrong.
When you put out things on web which you cannot and do not want to change
later, you need to be vigilant of facts and mindful of language to be used.
Certainly, don’t want to be in a position where someone could point out errors
and logical flaws later.
Lastly, I will acknowledge that I got distracted. With the fear of being on wrong side of stock trade, I failed to publicly post a stock idea. I did not want to be known among my peers as an analyst whose stock ideas are ‘multi- beggars’. I don’t want to be laughed on for timing everything wrong. I don’t want to lose my hard earned money by investing in stock ideas which may not be favorites of fund houses. But then last week as I was reading ET article, sanity prevailed. I realized that fear of failure should not stop me from trying. I shouldn’t be worried of my peer circle as they will equally be making wrong choices but may not accept it openly. I may not make big money in my early trades but atleast it will leave me with an experience of what went wrong and if wisely corrected can yield me good returns in future.
With this article, I make
a ‘Comeback’ to the world of blogging with intentions of putting up atleast one
article every month. I want to should loud that I am all ready to face
challenges of equities. The desire to blog – to share my heart on stocks I
like- won’t stop me from blogging.
No comments:
Post a Comment