4 LESSONS from Disney as a trader and Upside to comeI’m well in my thirties and Disney is still just as magical to me as it was when I was a kid.
When I was 15, one of the happiest days of my life was walking into Disney world.
The excitement lead to jumping, screaming and so much excitement not knowing where to start!
Anyways, Disney has been an icon in the entertainment industry for decades.
And they have delivered and shared unique and magical experiences and captivating stories to you, me and everyone around the world.
It’s definitely on my bucket list to go back to Disney world again. But today, I want to share some of the Disney’s principles can be applied to trading the financial markets and help traders develop a successful and profitable strategy.
Diversification with Disney versus Financial Markets:
Disney has a diverse portfolio of theme parks, resorts, hotels, products, services and franchises.
As traders we really need to open our options and diversify our portfolios in all different markets and instruments.
If you rely on ONE market or one country, you will not be able to spread and limit the risk during tumultuous times.
Just as Disney has a wide range of offerings to appeal to different audiences, us as traders should have a variety of investments to suit our personal trading style and risk tolerance.
Strong Brands applies to both
Disney has built a reputation as a trusted and reliable brand, and traders can learn from this by creating a watchlist of markets and securities that align with their trading strategy.
When you see the famous logo, the magical characters, princesses, cute animals – we just know it’s Disney.
When we here the Wish upon a star song or see Tinkerbell – we know.
As traders we need to also focus on the strongest brands.
Blue chip companies from shares.
Highest liquid (volume) traded currencies, indices, commodities.
Most reliable, legit, regulated and trustworthy exchanges.
High demand, volume traded and strong crypto currencies with promising prospects
Low costs, fees, conditions with trading instruments (i.e. Spread Trading and CFDs).
Stay innovative and you’ll have the edge!
Disney has always been at the forefront of innovation.
Whether it’s through its cutting-edge rides, products, restaurants, or even its Disney Plus TV streaming service.
Similarly, traders should strive to stay ahead of the curve by using the latest technology and tools to trade the markets.
This could include using advanced charting software, automated trading systems, or utilizing machine learning algorithms to analyze data.
TradingView is one of the only charting platforms that I have seen innovate on a weekly basis!
By embracing innovation, traders can stay ahead of the competition and stay ahead of market trends.
Staying True to Disney staying True to YOU!
At its core, Disney is all about staying true to its unique style and storytelling.
As I mentioned earlier. You can just tell it’s Disney.
Traders can learn from this by developing their own trading personality and risk profile, and sticking to it no matter what the market conditions may be.
Just as Disney has remained true to its vision for decades, traders should stay true to their own trading strategy, even in the face of market volatility and uncertainty.
You can now see how Disney’s timeless principles apply their success and how we can learn from them as traders to optimise, improve and level up our own financial success.
And on that note, Disney is also heading up!
Cup and Handle has shown, price has broken above.
We can see the first target at least - showing strong momentum to come.
But more on that next time!
