Advise from an avid investor as stated in this article:
First, estimate which stage of the cycle we are in.
Second, try to identify the major trend direction - upwards or downwards.
Finally, position ourselves accordingly; basically the strategy to take is to go with trend rather than go against the trend. "
It all sounds so simple. But yet the numbers still show that there are more losers than winners. Why? The art of investing is not easy because people are not only govern by the statistics, but also govern by "gut feeling" or simply just by gossips or rumours or more commonly, 'recommendation' from friends/relatives/colleagues?
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