Tuesday, February 22, 2011

trader vs wild

there is a very strong chance
that you would have seen
"man v/s wild"
on discovery!

its hero
bear grylls
served in
UK special forces reserve.

the special forces
have a model known as the 3 S’s
for developing elite soldiers.

this model applies brilliantly
to trading as well!

the 3 S in the model are
skill
strategy
and
state

whether man vs wild
or trader vs market

first thing you need is
skill......
nothing without this!

but this skill can easily
fall flat on its face
and flop
without
'strategy'

'strategy' is nothing but
the skill to use a skill!!

but
both skill as well as strategy
evaporate
in the tense atmosphere
of real and live
trading
when money is at stake!

at that time
you need the third
'S'
to ensure
that the other 2 'S'
don't get hypnotised
and freezed!

and this third
most crucial 'S'
is
'state'
(the state of mind)

physical, mental and emotional state
must be highly trained
without which
any ability
will be multiplied by
minus one
and
boomerang!

mind tends to leave us
when we need it most
unless
we have tamed it!

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