Saturday, May 24, 2014

Be Slow Be Consistent

There is an old famous story of Rabbit and Tortoise Race, in which tortoise win race not because of his speed but because of his consistency and determination. While the rabbit looses because of overconfidence. The story tells us that it does not matter how good or bad you are by birth, it is always your will who leads to destiny. It is not your speed of learning or doing something but your consistency leads you to the state of perfection.

        This theme is applicable in every profession in this world and our trading world also. Most of people who enter in this profession do not think about learning too much and those who do, try to learn quickly and be rich quicker. This could lead to disastrous result in trading and on your whole carrier also.

         In trading world, small profits leads to riches.  There could be few outperforming trades but that is not always true. While trading with a mentality that somehow or by some method you will start to find every outperforming stock and you will make money with speed of light is just an illusion.

        The conclusion is, try to be consistent to catch smaller profits, somehow in middle of road you will also get some outperforming results, which will act as a cherry on cake. But take out the thinking you are going to be top richest person with a day or week or a month. There could be a few lucky traders but there is only few in this world.

1 comment:

sudharshan p n said...

HI wats ur opinion on price action trading i.e using naked price for trading, i mean no classical pattern
analysis and no indicators.