Monday, October 6

What's common between best sportsman and Successful Traders

If you ever met a successful trader one thing you would have noticed most of them in some part of there life were related to sports. What’s the connection between being an  sportsman and stock market trader? I believe it has everything to do with the qualities and the mindset that these individuals have. I have discussed few traits that I think successful traders share with elite sportsman.
  • Both of them are competitive.

Top athletes are highly competitive by nature and with this mindset comes their need to always look for advantages against their competition. Also, competitive athletes are often strongly self-motivated. There are few driving forces out there as strong as self-motivation. For a stock market trader to be successful, he or she must find something that sets him apart from the rest of the herd.
Drive Wealth
Do you remember Sachin Tendulkar tennis elbow injury 2004 ? Sachin Tendulkar feared his career was over when he got the surgeny done. It was son worse he couldn't even pick up his son Arjun's plastic bat.  But he remained competitive and motivated and we know best of his cricket came after recovery from this injury.

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