Sunday, April 10, 2011

road to trading success....

churchill said
"success is going from
failure to failure
without losing enthusiasm"

this line sums up my journey in stock market.

do i lose?
yeah! you bet!!

am i a good loser?
no way!!!

for the first one hour after booking the loss
i am like a dog sniffed by a snake....
i simply become a statue and don't talk to anyone.

for the next one hour thereafter
i kick myself a hundred times

for the one hour thereafter
i decide to quit trading
and simply drown myself
in some task which can help me forget everything!

only after those three hours
do i cool down!

then i realise
that while it is easy for me to take myself
out of the market
it is not that easy (if at all it is possible)
for me to take the market out of me!

it is then
that i sit down
take out my entire army of concise trading notes and tools
and start to analyse
what went wrong
and why!

80% of the times
i realise
that i had all the tools and info
to pick the right trade
and didn't
because i was "in a hurry"!

i look into the nearest mirror
and it confirms to me
what a careless trader i am!

rest 20% of the time
i realise that something had happened
which was simply not in my experience and understanding database.

that is what
re-sparks the learner in me.
i get down
to update my "software"
and plug the gap in my method.

i have been telling my wife
four times every month
for the last 27 months
(since jan 2009)
that
i have plugged the loop hole in my system...
and everytime
i return and confess
that i just came across
another nasty one!

this way
i have been improving
my trading method
time after time
after time
after time
after time....

...everytime i feel
that i have got my "holy-method"
only to be
painfully deceived!

and amusingly (but not ashamedly)
biggest failures
and loopholes
surfaced in recent times!

it may sound strange
but i think it is expected
and ok!

my patience has been tested
to the extreme....

but thanks to all this
my trading system today
is quite strong!

am i confident now!
yes! you bet!!

am i sure that there are no loopholes left?
no, not really!

so, have i stopped trading?
no way!
not NOW!!
at any cost!!!

while i won't be surprised
to see the next loophole
i expect to see them fewer!

also,
i will not desist from kicking myself hard
if i don't stick to my
latest version of
trading taj mahal!

for i know that i am not very far
from trading success
which will stay with me
for a life time!

surely
"success is going from failure to failure
without losing enthusiam!"

4 comments:

rajamani said...

Hi shan,Only few people blog what they have in heart .you are one.

INDITRADER said...

Dear Shan Sir, its really a pleasure to read ur blog. It made me feel good after reading ur mini stories.

INDITRADER said...
This comment has been removed by the author.
Mayacapitalmarket said...

***80% of the times
i realise
that i had all the tools and info
to pick the right trade
and didn't
because i was "in a hurry"!
i look into the nearest mirror
and it confirms to me
what a careless trader i am!

i have been telling my wife
four times every month
for the last 27 months
(since jan 2009)
that
i have plugged the loop hole in my system...
and everytime
i return and confess
that i just came across
another nasty one!**

Sirji, you r awesome...so clear & no non-sense type blah blahs...

good yaar