TRADING SIMPLIFIED
Discover Free Educational Blogs on Trading The Indian Stock Markets Learn , Grow and Trader Smarter
My Honest Take On What It Really Takes To Learn Trading
While starting to trade is remarkably easy, achieving consistent trading success is not. To succeed you must learn trading first.
Learning per se is a complex and an elaborate journey. It involves cognitive, emotional and social elements. Unlike what we think learning anything new is not simply about absorbing information but transforming that information into usable knowledge and skill. The process to learn trading is no different.
I can say from my own experience that lasting success in trading cannot come by chasing fleeting tips or seeking instant riches. Traders who have made it big in this profession have gone through a steep learning curve and numerous setbacks. They remained unfazed, undeterred and resolute in pursuit of their goals. This should be your first takeaway, before you begin to learn stock market trading.
Some Key principles that should be kept in mind by some willing to learn trading are:
The Path From Learning to earning is a long one
The journey from learning to earning requires patience with yourself, a never-give-up attitude and a curiosity to learn.
Take the example of a medical student. Years of rigorous study, internship and hands-on experience are needed before they can practice and subsequently earn a significant income. Similarly for an athlete training for the Olympics, success does not come overnight. Years of practice, discipline and setbacks is endured before they can get medals and endorsements.
To learn trading is no different. Learning is the foundation, and earning is the result of your efforts over time. Those who rush for shortcuts will inevitably stumble and fall short of lasting success.
Patience: The Power of Strategic Waiting
Patience is a virtue for any trader regardless of where they are in their journey. Just like a farmer patiently waits for their harvest to ripen, traders must wait for the right opportunity to present themselves. Rushing into traders based on impulsiveness or FOMO is a sure short recipe for disaster.
Another great analogy is fishing. You would not expect to catch a fish if you cast your line randomly. A lot of time goes into choosing the right spot, using the right bait and despite all the effort, wait patiently for the fish to bite. Similarly in trading, you need to wait ,identify high probability setups, wait for odds to be in your favor and execute your trades with precision, while managing your risk.
Discipline and Focus: The Key Drivers of
Success
Trading is like running a marathon. It demands unwavering discipline and focus. The market’s way of teaching its lessons will test your resolve. Without discipline and focus, success will always remain elusive.
A marathon runner is not focused on reaching the finish line quickly. Instead, his focus is on pacing himself steadily, sticking to their plan and ignoring distractions like mental fatigue, physical discomfort, crowd noise etc.
Similarly, a trader must stick to their trading plan, resist impulsive decisions and focus on long-term goals, not short-term gratification.
Mastering Your Mind: Emotions Costs, Discipline Pays
Emotional discipline is one of the most underrated yet the most crucial factors that will determine your success in the markets.
The stock market is chaotic and unpredictable. This is how it has been, and this is how it shall remain. If you drill down a little deeper, you will see that ultimately the price fluctuations reflects the behavior of the majority. This can never be accurately predicted by anyone. Therefore, despite your expertise the only thing that is there in an individual’s control is his own reaction, to the uncertain outcomes.
Traders who get emotionally charged based on fear, greed, excitement, hope etc. will often make costly mistakes.
At Trading Simplified, we believe that by embracing these core principles and utilizing our free educational resources, you can discover your potential as a trader and learn trading.
Join us on this journey to learn trading and build your confidence!
About
About
I believe there is a better way to trade and i'm here to help traders discover it
With years of experience and a passion for simplifying trading in the equity markets , i help beginners learn trading and help them understand how equity markets move, interpret market signals and in the process help build a solid foundation for long term success .My experience in the equity markets has led to me the firm belief that trading is not about complex strategies or secret formulas ,rather understanding core principles of trading ,robust risk management strategies to protect and grow your capital and gaining mastery over your emotions.
The Foundation of successful trading lies in possessing traits of
An Eagle
Eagle teaches an important lesson of perspective and vigilance. Like the eagle scans its territory, a trader must learn trading through meticulous market study, develop an eye for identifying trends and opportunities from a broad, strategic viewpoint. A Trader must mirror an Eagle’s patience to wait for an optimal entry and exit points, avoiding impulsive actions.
A Mountaineer
A mountaineer’s step-by-step approach to conquer treacherous peaks exemplifies grit and the ability to take calculated risks. It also goes on to show the importance of having a well-defined strategy. Despite all this, a mountaineer anticipates and mitigates potential dangers to make his way to success while ensuring his safety. A trader must learn trading by understanding and controlling risk, weathering market volatility and uncertainty with resilience and fortitude, ensuring that long-term success in trading lies in surviving first, then thriving.
A Monk
Remaining calm, composed and focused under any situation demonstrates the importance of emotional discipline. A trader must not operate under emotional urges such as fear, greed, or hope. Learn Trading and get better at it by cultivating equanimity, analytical mind and avoid taking decisions out of impulsiveness.
Just as the monk remains equanimous under any circumstance, a trader must find stability through emotional control.
A Navigator
Exploring new and unknown territories underscores the importance of the ability to adapt to changing circumstances. Just like the navigator relies on his maps and instruments, a trader must learn trading by continuously educating himself and staying informed about the market conditions. A trader must be flexible to adapt and adjust his strategies in response to changing market conditions.