Importance of discipline in trading

Having discipline in trading is the most important factor for success. anyone can learn or copy the best strategy in the world and make money at the initial stages. but without a disciplined mindset, no one can win trading in the long term. In fact, he loses more than what he earned in the initial stages. A successful trader is one who masters discipline even with modest strategy

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Breaking down to the elements

Although after spending lot of time in studying and learning a particular subject , we stumble upon coming up with ideas. No creative way of expressing the bit of information gathered so far. Reading some books, going through multiple articles and talking to a lot of people (master at the things you wish to know )might help to boost the knowledge. But no use to making it a part of your thinking. I mean you can't. But it could be done. It doesn't mean that you have to work eighty hours a week, it means you have to know how to learn before learning. It's like making a smart move. Lot of scientifically proven techniques are available in the internet. All of it points at the same direction , it is to break the elements into its basic elements. If you are an aspiring entrepreneur craving to come up with innovation and creative ideas you must dig into the roots. The reasoning done through own scrutinizing study leads to connect the probability streams to a great idea. " It...

Free is good

The saying in marketing (mainly as a precaution to the victims) is that if you’re not paying for the product, then you are the product. This marketing strategy of making people a product is widely successful and people indeed have no problem in being a product. Since we don’t have to pay for the services they offer, we are comfortable with them using it as a product. If not, YouTube and Facebook never have survived. Since I mentioned these two companies, it is thoughtful to inquire about the scale of business this business strategy brings. There is nothing wrong with giving their services for free. If we look at the positive side we can embrace the amount of change it brought. But of course, it has its own drawbacks. Since the ratio of their proportionality is highly irrational giving good an unfair advantage, we could say those are life-changing technologies. And this strategy is visible almost anywhere. Giving a free trial is a great example. Besides we get news, articles,...

Why people radically ignore philosophy

From infancy to the geriatric days of our life the philosopies we subscribed and dissented made the whole bunch of years a life . It's common to hear from old people "I lived a fantastic life" with a smile and pride or "I'm a failure"with great regression or even they express displeasure with a frown and stare when asked how they lived their life. It takes a life time to put this in a nutshell. The reason why these saying goes so is a simple factor. The inability to spot the unwise advices. It doesn't need a cumbersome effort to account for good ones,but to embrace it there requires some effort. Seems bizzare. Why is that ?. Because it is itching and dreary boring.It takes tremendous amount of energy to put your instinct diligently forward, especially when you are told to do. We don't like when we're forced. Wait a minute... But what if you are not told to do anything? I mean anything.Let's have brief look, After the very minute of your bi...

You need to read this

This is a blog for those who are expecting the unexpected niches of life at unanticipated time. This is expectable. You don't feel like reading when you are reading. You might wanna stop at uncertain moments, because you are not certain about the idealistic conviction.This is not about the things you need to hear, but the things you scrutinize in times ahead.It is said "When you visualize,then you materialize".I can expose the lear you likely skip, but totally need to digest. 100% productive reading guaranteed. Thanks for being here.Your presence means a lot. Quality stuffs are on their way.

Small change for good future

Small changes create big impact over time. Giving consistent effort in developing a good habit is like watering a seed. The benefits seems far away. But you never know how useful it will be. At least view it as a process of trial and error. In the end, we are the ones who gets the benefitted from. So keep doing the practise.

Trading with no money

The thing with trading with real money comes with a lot of problem. The first reason is the lack of experience. Since trading involves a lot of things, it takes time to get in flow. During those times trading will the real money causes a lot of trouble. People often go out money because of the inexperience in trading. On the other side, experience only comes when we trade. This is a paradox. But money is not a very good option to start with. With the kind of technology available today, we can create any experience that is not real, but gives the taste of the experience. In the field of trading, it comes in the way of paper trading. People born at this era has this advantage, they can practice as much as they want until they develop their own strategy. But a couple of days ago, this is not the case. In order to enter into a trade you have to play with real money. That is why most people never ever tried trading in their life. Once an individual trade with real money, but with lack ...

Beliefs of discount

Seasons are mostly beneficial to those who are making whole sales. The sales are driven highly with anticipation of belief that people are ready to spend money than before. It is beneficial to both the customer and seller. The main reason is the volume. In normal days, people won’t go shopping vividly and manufactures are less active. We are taught to believe that during season sales companies sell products with more discount. Sometimes with buy one get one offer. No one wants to bet large amount of money during non-seasonal days. We wait for discount to hit thus to save money. And when the discount breaks, huge amount of masses place the order. This is way more than actual sale. Discounts are certain and hence the profit. On the flipside, companies will profit like hell these days. They employ more workers during this time and install many outlets. They know they can swap money like never before. It is confusing to see who makes real profit. Both sides cannot maintain the...

Traveling

Traveling may be expensive, but it offers a lot of exploration. We often tend to backnoff from travelling due to tightening money. Travelling should not be neglected. It gives us plenty of experiences and memories.

Mindset matters

The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...

Lesson from failure

With each failure see it as an opportunity to learn and then grow

Insanely Practical

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