Trader's Queries - Trading Psychology Part 7
Updated
Whatever trading teaches it improves our life too. When a person is a good trader he becomes a better and good person too in his personal life. Always share market gives lesson for trading as well as for life. Today we are going to read about my favourite role model/hero, "Shivaji The Great". And how is he related to trading? Keep on reading and you will know.
During 1600 AD Moghul kings and Hindu kings were fighting to take down each other.When Shivaji was young he took a vow to free his country from Moghul kings. Shivaji started to establish an independent kingdom by conquering the near by forts. Seeing the growth of Shivaji, Sultan of Bijapur sent his general Afzalkhan. Afzalkhan was a cunning man and he planned to kill Shivaji when he meet him for peaceful meeting. Shivaji did not believe Afzalkhan, but agreed to meet him. Shivaji wore a steel dress and a helmet under his silk dress, hid a dagger and steel claws under his dress. When they meet Afzalkhan pretended to embrace Shivaji, he started to tighten his grip crushing Shivaji. Afzalkhan was strong, tall and big. Shivaji was short and quick. Shivaji quickly pulled out his steel claws, dagger and killed Afzalkhan.
Trading Lesson : Lot of time traders hesitate to enter trade when their stoploss got hit frequently. They start to watch market instead of trading. Prepare trading plan, face the price action with a plan. When price action turns against you, atleast you have a plan when to get out. Dont run away from trading. Be quick in executing your trading plan. Market wont wait for anybody.
Lesson for life : Whatever your problem is, you are bigger and stronger than it. Dont run away from your problems. Face it. Always have a plan when situation turn against you. Plan and execute it fast. Be quick and stay strong.
During 1600 AD Moghul kings and Hindu kings were fighting to take down each other.When Shivaji was young he took a vow to free his country from Moghul kings. Shivaji started to establish an independent kingdom by conquering the near by forts. Seeing the growth of Shivaji, Sultan of Bijapur sent his general Afzalkhan. Afzalkhan was a cunning man and he planned to kill Shivaji when he meet him for peaceful meeting. Shivaji did not believe Afzalkhan, but agreed to meet him. Shivaji wore a steel dress and a helmet under his silk dress, hid a dagger and steel claws under his dress. When they meet Afzalkhan pretended to embrace Shivaji, he started to tighten his grip crushing Shivaji. Afzalkhan was strong, tall and big. Shivaji was short and quick. Shivaji quickly pulled out his steel claws, dagger and killed Afzalkhan.
Trading Lesson : Lot of time traders hesitate to enter trade when their stoploss got hit frequently. They start to watch market instead of trading. Prepare trading plan, face the price action with a plan. When price action turns against you, atleast you have a plan when to get out. Dont run away from trading. Be quick in executing your trading plan. Market wont wait for anybody.
Lesson for life : Whatever your problem is, you are bigger and stronger than it. Dont run away from your problems. Face it. Always have a plan when situation turn against you. Plan and execute it fast. Be quick and stay strong.
Note
Shivaji became "Shivaji The Great" because of his mother Jija Bai, who moulded his character. On this Mother's Day We should thank our mother for giving her uncoditional love/support in our life/trading Journey.
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