Wednesday, March 12, 2014

Do I really want Success in Trading?

Often, we fail to understand the reason why even after trying for weeks and months and even years together, we do not feel as successful and as confident as we would love to feel in our trading profession. 

In this context, there is a well known Zen Story that goes like this:

"A hermit was meditating by a river when a young man interrupted him. "Master, I wish to become your disciple," said the man. "Why?" replied the hermit. The young man thought for a moment. "Because I want to find God." 

The master jumped up, grabbed him by the scruff of his neck, dragged him into the river, and plunged his head under water. After holding him there for a minute, with him kicking and struggling to free himself, the master finally pulled him up out of the river. The young man coughed up water and gasped to get his breath. When he eventually quieted down, the master spoke. "Tell me, what did you want most of all when you were under water." 

"Air!" answered the man. 
"Very well," said the master. "Go home and come back to me when you want God as much as you just wanted air.""*

What significance does this story bring to you as traders?
It makes us think, ponder, and make us ask ourseves something very basic yet so very important?
Do i want to trade more than anything else in the world right now?
Or trading is just a means to me for money?
Till i do not feel the same as the man felt for Air, meeting success in Trading is less probable. It ought to be my only passion, my first love, for it to reward me with the joy and gains i expect from it!

Only when my intense will for trading and success in trading becomes so so strong, my subsequent hard work and focus will (should) support me through it. And of course, money will come, but as a by-product!


*(This Zen story also appears in the Oct 8, 2011 post 'Zen Stories for Traders' on this blog)


KB said...

Well said! I strongly advocate and equally request you gentlemen for much needed articles, trainings and courses on trading psychology, behavioral science in financial markets especially in our Indian context. It is needed everywhere.. the biases an average trader suffers from or the I-know-it-all attitude by the housewife dabbling in markets.

manmohan said...

Indeed money is by-product of trading. When a trader just fight for money, probablity is he would loose the money... Beacause he is under the umbrella of fear and greed, leading to not in sync with market.

manmohan said...

Very well said....

Kirtan Shah said...

KB & Manmohan

Thank you for your kind words. Your feedbacks mean a lot to me!

True, trading psychology is the root on which the tree of trading stands. The stronger the roots of a trader in that context, the long lived his trading would be. The first step towards having such strong roots is to acknowlegde the importance of managing ones psychology during his trading life. I appreciate that fact that you already do!

Wish you cheerful trading,