Friday, February 26, 2010

It is not about money, honey!

Would you dare catching an alive snake without training?
Would you dare to fly a jet without mastering how to fly and land it?
Would you assist a doctor in surgery without you getting an MBBS?
Would you climb a mountain without training?
Would you join a bomb disposal squad without mastering how to diffuse a bomb?

Then why trade big without mastering atleast one method of trading?

Trading is like catching an alive snake
like taking off and landing a jet
like performing a surgery
like climbing a mountain
like diffusing a bomb!

How many of us in our trading career done all this with confidence?

Every day I see traders being
bitten by the snake
crash landing or ejecting from the jet
leaving the patient to die on the operation table
falling off the mountain cliff
cutting the wrong wire of the bomb!!!

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All think that winning in stock trading is about money!
Seems true but isn't!

Many say that it is about earning points!
Again a trap!!

In reality, it is all about "learning" and "mastering"

If you know the method, it is a child's play!
If you don't, it will be enough to tire and retire you!!

We must learn to stand before we walk, and walk before we run.
On the contrary, many are "running" before they have mastered even "walking"!!!

When things go wrong they say "what happened?" "why did it happen?"

First learn one or two sure-shot tried-and-tested methods and master and stick to them!

We all are in a tearing hurry to become rich!
And that is the precise reason why we are getting delayed in becoming rich!

As Dr.Philip says in his classic book "Life Strategies"
"Crack the code otherwise your fate is sealed"
"Do what works, Do what matters!"

It's not about money, honey!.....

It is about "knowing".

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