Game of Thrones: Identity
Game of Thrones has several plot lines and a large ensemble cast, but centers on three primary story arcs. It’s time to explore how traders story line can be centered around three primary arcs. You can read
“Never forget what you are, for surely the world will not. Make it your strength. Then it can never be your weakness. Armour yourself in it, and it will never be used to hurt you.” ~George R.R. Martin
How did you feel when market dropped 1000 points in a day? Are you flexible to adapt to ever-changing market situation?There are different types of people, and their inherent personality traits are equally vital for what happens when they trade. As a Trader one has to introspect, his personality. Good trader keeps his emotion in control. They follow a certain methodology, particularly in the morning before the market opens. Some occasions, you may feel stressful Managing the trades. You should not bring that stress home with you. Start your journey with proper trade plan and not deviate from it, unless something causes you to do so.
Game of Thrones: Greed and Fear
The market is driven by just two emotions: fear and greed. Fear and greed relates to the volatility inherent in the stock market. When investors lose their comfort level due to losses or market instability, they become vulnerable to these emotions, often resulting in very costly mistakes.
Most of us have a desire to acquire as much wealth as possible in the shortest amount of time. Get-rich-quick mentality makes it hard to maintain gains and keep to a strict investment plan over the long-term. Very successful investor,Warren Buffet , who stuck to his strategy and profited greatly showed us just how important and beneficial it is to stick to a plan
“Fear cuts deeper than swords.” ~George R.R. Martin
Fear is one of the emotions that can be preyed upon by the professional trader. Fear can turn into pain, and instill irrational thoughts. The thought of making or losing Money, has the power on rational person to behave irrational. Can a man still be brave if he’s afraid? That is the only time a man can be brave. Being too fearful can be just as costly as being too greedy. Your job as a trader is to capitalize on other traders’ irrational behavior with a well thought out plan.
Game of Thrones: Life and Death
“When you play a game of thrones you win or you die. Death is so terribly final, while life is full of possibilities.”~George R.R. Martin
You can’t predict the future: Everyone thinks they can, but they can’t. When you trade you can lose or win. The life of a trader may seem exciting, a life lived on the edge. The reality though is that most days are quite ordinary, nothing much exciting happens.You are the final decision-maker for your portfolio, and thus responsible for any gains or losses in your trading and investments. Keep your emotions under control, re-evaluate your trading and investment strategy and allow yourself to be flexible to a point. Remain rational when making decisions to change your plan of action.
You can find introspective thinking article here.
You have to take care of yourself. If you don’t sleep enough, if you don’t eat well, exercise, be around positive people, be grateful for what you have it’s not worth the money made by you. I really care for you and I wish when you look back you should not feel you are lost. If you feel this article can help other lives, kindly share among you social network.