WHY -- The Most Useless Word in MARKETS....

Asking WHY in market is like arguing with wife and hoping to win....

O Ashuji

Emotions drives in market in term (short/medium) that matters and emotions can be beyond understanding of rational mind. The reason why most people lose money in trading is to constantly search for that WHY...Why markets have fallen, Why Finance Minister did that, Why Ben Bernanke was smiling, Why Interest rates rose...Why is the most used word in financial market and according to me the most useless word. Its human arrogance to constantly understand everything and reasoning behind everything that results in 90-95% traders losing money in market. Its those 5% who are humble enough to be ignorant who make money and accepts supreme and only truth...MARKET IS SUPREME (NEVER QUESTION IT). 

In the words of the late Mike Epstein, a NYSE floor trader who went on to become the president of the Market Technicians Association, and then an adjunct professor at MIT:

This is one of the most important points I've had to learn. For me, at least, "why" Is the most expensive and least valuable information. When you get "why" wrong (and act accordingly) you lose lots of money. You only can know "why" for sure after the fact (when it is useless). You gotta learn to live with the reality that there are (and the market knows) things that are beyond the individual(you)'s ken. The search for "why," whether right or wrong, can just as easily lead you to irrelevancies, or, worse yet, to valid data that will not impact on the market. The best analog is arguing with your wife. Being right is often totally valueless if not counterproductive.

 The above lines are as classic as it can get. Its arrogance to be intellectually satisfied and make money is nemesis for many in market. Making money can be dull and that is not accepted by many in market. LOVING UNLOVED THINGS CAN BE DIFFICULT AND DULL BUT DULL IS BEAUTIFUL IN MARKET....