Stock Markets & the Train Journey !
Off-course it's not an easy to make money out of Stock Market screen. What is easy is to punch couple of orders with a profit in aim. No theory works in market except you been lucky in judgement about the markets and take a pint out of it.
No it's not addiction but true determination with low position sizing that keeps you in market for the long run.
How dynamics changes every hour and how you cope with such dynamics and how you are prepared to change your instinct quickly and fast you adapt to such changed behaviour of market, is what makes you supereme in the markets.
It's like you have to catch a fast running train and so fast that you are able to catch the train, hold its gate & enter & board the train. And for that you need to run in the same direction of the train, then only you will be able to catch it, and when your destination is about to come you need to stand near the exit gate and get down as soon as possible before the overcoming coming crowd don't let you to get down out of it.
So stock market trading is exactly similar to catching a RUNNING TRAIN. How fast and successfully you get it & how fast & successfully you get out (just like in train) is the core important to make profit in stock markets.
In between your Train Journey, you will have to find the place to sit, to keep your luggage, to adjust with your fellow passengers and enjoy the train meals and go fit in the filthy bathrooms. Similarly in Stock Market journey you will have to find your own place to sit ie your own strategy to follow and make money, you have to find your scripts which best suits you to trade just like finding a luggage space and you need to adjust your position sizing and open interest which does not give you discomfort to handle just like adjusting with your fellow passengers. Just like you enjoy on-going running meals in the train, you need to keep booking profits & eat it regularly to keep your energy in the market & to keep you out of boredom. Last but not the least, you have no option but to use trains filthy bathrooms during the journey, similarly you need to keep stop-losses and to keep booking small losses as & when it requires. This is very important to do in your both journeys. And remember to get out of the market once your aim or your destination reaches for that particular journey or for that particular trade that you have taken.
After you exit the train or the trade, dont forget to say the gentle GOOD-BYE while looking a slight back & then be ready & prepared for your next journey or trade.
So markets are like a passionate Train Journey and both are very much similar. The only difference is if you forgot something in station, there is a chain in the train to pull it to stop train & you may get down to get it. BUT remember there is no chain in the stock market and a mistake done is a mistake done in the markets and there is no other remedy expect to pay money to the market for any small mistake that you do in the latter journey. So keep your mind fit & present always in market with zero obstacles and zero chances of mistakes to avoid letting your money outflow.
HAPPY TRAIN/TRADING JOURNEY !!
By-
Kapil Goenka
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