With Friday done and weekend ahead just thought of posting a thought... which you can read before you go to bed... & if it makes sense do let me know what you guys thought of the thought... :-) ______________________________________________________________________________
So Is trading all about buying and selling... greed and fear... profit and loss
Are fundamentals Analysis and Technical Analysis or just an emotional decision to buy or sell the only way of looking at trading...
Or can we take some inspiration from other aspects of life too...
With cricket being the flavor the season, let's see if it can make a difference to the way we approach our trading...
Before we delve further into it, let us take a simple scenario…
Imagine one of world’s fastest bowler… let’s say Dale Steyn (of South Africa) is going to bowl… on a bouncy South African pitch…
1. You put Virat Kohli on the batting strip and he would be like… Bring him on…
2. You put a newbie let’s say someone like Hardik Pandya and he would be like… this is it… this is my opportunity…
3. Put me in those shoes and I might just be pissing in my pants…
You see the situation is same for all three of us… but it is the Preparedness, Ability, Capability, Mentality & Experience… that is what is going to define how we are going to perceive a situation…
Playing gully cricket and facing World’s fastest bowler on a bouncy South African track is a different ball game altogether…
When it comes to Share trading, the situation is no different…
- Many start with small capital ( most of us has played gully cricket)
- Make some quick bucks and then (made some runs )
- Take on Superior Markets head on… ( Imagine something like facing Dale Steyn without feeling the necessity to wear helmets, pads, and guard… )
we dont do it in cricket... there is a selection process... even for that matter for a job in a Company there is... but In Share Market It's open to all )
And it's up to us, our responsibility whether we want to upgrade ourselves or just play as it comes...
Remember The Virat Kohli we see today is the result of years of hard work behind him…
We have also seen him gradually improve since his debut in International cricket when he use to make good 30s and 40s but was unable to take it further, getting out with rash shot selections… but now regarded as one of the best batsman in the world especially while chasing a target.
We have seen him getting annoyed when he got out with a bad shot in early stages of his career and it is seldom we have seen him now throwing his wicket away. It is the learning from the hits as well as mishits not just in nets but in real matches too, that has what has made, Virat Kohli, the player he is today… Improvised, Consistent and Confident.… When a player like Kohli is eager to learn from his mistakes and improvise the next time we see him bat... what stops us...can 't we take a leaf out of his book...
You see What ever the profession, to excel, we need to learn, prepare ourselves, develop our ability, and be capable enough to deal with all the mental stress that comes with it... Once we overcome the barriers and are ready to learn, it may not guarantee 100% success but it can guarantee you that your perception of the situation will be different... you will be better aware of the pros and cons in every situation and decision making in different situations will be much improved...
If you are looking to trade on a serious note, then one needs to give importance to continuous learning process and mentality and improvise on his / her consistency over a number of trades... Remember opportunities will always be there, and it is up to us to protect our wicket ( Capital ) & be ready to learn from our experience to make a better shot (trade) selection tomorrow... _______________________________
A thoughtful analogy that fits to a great extent. Also i think it needs more than just EXPERIENCE (trading for long period of time) to move from a Gully-batman title to a State_level then National and so on.
My point being, a gully_batsman with "experience" wud be a Good_gully_batsman, not a national one. TO advance from one level to another it gotta have a nice coach,pro gears and tools, and conditions that wud put a gully_batsman in front of a state level bowlers and state level matches(deeper and better understanding of the markets from say state_birds_eye_view than just the small gully_view. Else the conditions of gully batsman cant just change radically to state or national level. The best he can be is the best gully batsman. . So, my quesetion is, is there is define need of professional influence to change of the levels?
My point being, a gully_batsman with "experience" wud be a Good_gully_batsman, not a national one. TO advance from one level to another it gotta have a nice coach,pro gears and tools, and conditions that wud put a gully_batsman in front of a state level bowlers and state level matches(deeper and better understanding of the markets from say state_birds_eye_view than just the small gully_view. Else the conditions of gully batsman cant just change radically to state or national level. The best he can be is the best gully batsman. . So, my quesetion is, is there is define need of professional influence to change of the levels?