What Traders can learn from sportsman

As a sportsman(So too as a trader), you've got to realize that it's not the end of the world if you lose one game or more..You should get down to basics and play every point on its merit. The moment you sit down to differentiate the first point from the last, emotions take over. Now, that needs to be detached. Focus is defined by the three "c"s, Courage, Composure and Consistency. When you need to prepare, there should be no distractions whatsoever. This is not a hobby, this is no child's play, it is business. Even a cartwalla has commitment and consistency to make his few rupees. Market gives "huge" unlike any other business and instantly too(No collections/ recoveries here as in any other business) for the one who has a method, discipline to adhere to that winning strategy steadfastly.
Most traders/investors dissipate their energy & concentration on loose & boastful talk, when they should be relaxing after the markets, disconnecting from it for a while and then prepare for the next battle as in war...there is no time to sit back. You run..go on running. Do you see anyone stopping to take a breath in the football field once the game is on. To keep running like that, he must have undergone months of rigorous training. The difference here in our market is your training and trading is combined seamlessly.

Continue Reading