Insanely Practical

 What to do when the market is heavily falling down? It is not certainly cell. Of course, you can sell if it is calculated and like you intended. But for the majority of the mobs fall into the mode of panic selling. The reason is quite simple. They are out of their wits. And they are acting like nuts. That won’t solve any problem. It actually makes things worse. What often people don’t realize at this time is that they are actually under the sunk cost fallacy. Sunk cost fallacy is simple to explain. But the practical solution is often to perform and very much rare to find a person who actually does above the fallacy trap. Sunk cost fallacy can be simply defined as an action inspired by fear and panic. But sadly these are the times we mostly do insane things captivated by decisions taken out of our wits. To make a better decision, either we have to be mindful or must be prepared. So when we are prepared, we know the decision that is ought to be taken at unanticipated times. Do it now

It is said that people who do best at interviews sucks at job. Not everyone, but mostly. Whenever we hire a person to our company, we go through a long process of recruiting. It involves a lot of things from written test to group discussion and finally leading to an interview where we sort out the final candidates. The problem with these kind of processing is that these people are selected by a foxed set if procedure where the modules are fixed. When it comes to business everything is momentary and needs a lot of decision making skills. Skills are really important, especially decision making skills. But what these people lacks is the same thing. That is why sometimes CEOs directly recruit people from other companies without even having a permission from board. All that matters is his effectiveness in decision making. Form time to time a business is prone to challenges and needs a good leader to execute the right work. So the important thing in any of the thing that requires a food

How to prepare for a good test. Preparing for any problem infront requires an in-depth analysis of the problem itself. When we go through the problem we will get to know where we should make the improvement and where to leave it as free. But only in few occasions people give that much of analysis review before entering into a problem solving method. When we look at the largest problems that had been solved, we could see how that problem got studied before. Because without understanding what the real heck problem is, we cannot find a solution. If we try to find a solution to the problem that we drawn out by our fragile analysis, we will get the solution for the things we discovered, not the actual problem. So while before solving every problem we should learn about the problem before getting into work. Once we enter the working world, we probably won’t care about the study. That is why it is important to have a habit of in-depth analysis before confronting with the solution. Solution r

Dealing with situations, when it won’t go as expected, is a skill that anyone can develop over time. Like any skill, it requires some effort and hard work. Most of the time people came to know about its value only after having gone through it multiple times. They fail initially at balancing the situation. More precisely, they fail at keeping their own mind in line. It is seen everywhere, but only a few people adjust to make an improvement in dealing with the problem.   There are a lot of benefits to it. By handling the situation very clearly, we can refrain the circumstances from going bad to worse. It saves a lot of money and time, especially for a business. This is a part of good decision-making skills. Whenever we find a person who could outperform in dealing with harsh situations, if we scrutinize, we can observe his insane ability to make good decisions without an emotional influence. This is a skill that needs to be developed. Because no human in the world is free from proble

Over diversification is often seen among many people. Those who knows well to manage can actual manage it, others just fails miserably. These peoples who diversify the things that they think they can make something out of it are most probably driven by reputation . Also sometimes by fomo. This is not only the case of a personal level, it applies to everything. But the common thing we can observe during this diversification is the lack of focus. Instead of directing their focus to make anything better, they give their fractured attention to lot of things. When they do this, they often get exhausted at the level of thinking. If someone is important enough, then it is important to make good amount of time analysing and reflecting upon specific problem instead of launching a new venture. Every time the new venture consumes significant amount of time for its growth. So the prime focus should always be on the foremost problem. Because without solving what is important and veering the att

 When there is a place to fill, those who see the opportunity and have the resources fills it as soon as possible. There are two notions behind this action. It is either to create a change or to make money. Rarely sometimes both. The primary objective would be either one of it. After filling the gap and being the first in the business they can actually disrupt the newly founded industry. They designate their name, sometimes by power creation of a brand and thereby gaining the trust. This is a traditional way of rising as an unshakable industry giant. New babies have work so hard to level this. Which is not so valuable since the time and energy can be detoured into anyways of multiple possibilities.    Sometimes the giants, known for making great leaps , makes mistakes. There is sure element of greed behind it, most of all they just forget their motto. They are not who they were. It may be due to the wrong people at the important position or ego driven right people. But the mistake mak

  It is really possible to outperform our past amount of output having a systematic plan. By sticking to a weekly plan is way more powerful and productive than the yearly plan. In case of scribing plan during particular year, it is a common phenomenon that people make less potential ones and moreover they tend to procrastinate. Procrastination here happens due to uncertainty. It is one of the highly leverage trigger for procrastination. In between the target and the presence, we could see a large gap of non-performance review. This means we never check the results and analyze the progress. All is left to the end and mod time is mostly wasted. It is a mistake not to fix this recurring occurrence. Having just a plan for this is year is same not having a plan. Every one knows after a year things won’t be the same. But our goal is to make the situation and lifestyle better than before. For this evaluation is inevitable. Having a progressive journal is both a reflection and motivation

Optimistic peoples are driven by hope. They create the things even in the middle of chaos. Whatever the case or scenario, there is an equal possibility for both the positive and negative outcome. Because of the constant exposure to the pessimistic surrounding and culture,we are hardwired to think like a pessimist. In one sense, we could say that it is not our mistake by blaming the society thoroughly. Yet on the flip side, we can say that we could have made a change which comes under our responsibility. So it is paradoxical.    Even by this influence, for luckily, we have many visionaries. All visionary people are optimists and they could see the things that most people don’t. They see opportunity instead of chaos and acts up on it. They are confident and highly energetic. The vision they have in their mind is enough to swap the imprudent breeze of failure. Whenever they approach a failure, they take that as a learning opportunity and learning thoroughly. That is a great difference an

There is not actually a proven business strategy. Different strategies are suitable for different businesses. Some people choose wrong strategy for their business and ends up in loss or sometimes bankruptcy. This is not only the case of small scale business, even matured companies make this mistake. Sometimes the consequences are certainly high. Most probably they end up in loss. Without studying the business atmosphere and lack of proper basic knowledge, this mistake is unavailable. Founders know how to run and which proposal to take. As soon as they appoint a new person, things sometimes starts to change. The growth persists when the company is secured or transferred to the right hands. Right hands means they are actually more than a half cloned version of the founders. He thinks and acts like them. He might have started similar company if he hadn’t recruited.  We could see many examples of large corporations failing to meet the expectations and small organizations making the leap. B

Holding a position while trading is to be identified as a testing period. An examination of the emotions. Emotions not only a barrier in trading but also the whole scenarios of life. It plays a crucial part in the molding of future. What it did to ourselves is the result of present situation. It only plays in forming the decision and that is the most important thing. Every minute we are deciding what to do, which minute we are crafting our future. If future seems vague, which is what happens for many people, it is because of the vague decisions they are making. For a person who makes decisions based on his will, he is capable of making his future like he wants. Taking control over decision has such a pivot game to play. That is the reason successful folks often known for making better decision at time. They are master in articulating the scenario and taking decision according to it. This scenario can be largely visible among people who trade and invest. Better decision only comes with

When a commodity is listed at the exchange platform as it’s IPO, it might affect the whole indices if it was well received. And once received it secures a good position if not anything worst happens. It doesn’t make a point break in charts unless it is an awaited. Most of the time it happens and stocks rarely gets unnoticed. This is global phenomenon. Unlike the other job, it cannot be executed with basic knowledge or by just following up. Constant updates and patience do play the key part. Investors take it seriously as it’s their job to predict at least to themselves on where the market is going. Doing IPO isn’t necessary and it’s not simple to get listed. But IPO isn’t just about making some lot of money or letting people to control the price through sentiments, it is also about marketing. It is admitted that even professional traders won’t be able to remember the remember the whole stocks. Such a diverse number is hard to execute strategies and  they want master few instead of