Executing Trading Plan
Whatever trading teaches it improves our life too. When a person is a good trader he becomes a better and good person too in his personal life. Always share market gives the lesson for trading as well as for life. Today we are going to read about my favorite role model/hero, "Shivaji The Great". And how is he related to trading? Keep on reading and you will know.
During 1600 AD Mogul kings and Hindu kings were fighting to take down each other. When Shivaji was young he took a vow to free his country from Mogul kings. Shivaji started to establish an independent kingdom by conquering the nearby forts. Seeing the growth of Shivaji, Sultan of Bijapur sent his general Afzalkhan. Afzalkhan was a cunning man and he planned to kill Shivaji when he meets him for a peaceful meeting. Shivaji did not believe Afzalkhan, but agreed to meet him. Shivaji wore a steel dress and a helmet under his silk dress, hid a dagger and steel claws under his dress. When they meet Afzalkhan pretended to embrace Shivaji, he started to tighten his grip crushing Shivaji. Afzalkhan was strong, tall and big. Shivaji was short and quick. Shivaji quickly pulled out his steel claws, dagger and killed Afzalkhan.
Trading Lesson: Lot of time traders hesitate to enter the trade when their stop loss got hit frequently. They start to watch market instead of trading. Prepare a trading plan, face the price action with a plan. When price action turns against you, at least you have a plan when to get out. Don't run away from trading. Be quick in executing your trading plan. Market won't wait for anybody.
Lesson for life: Whatever your problem is, you are bigger and stronger than it. Don't run away from your problems. Face it. Always have a plan when situation turns against you. Plan and execute it fast. Be quick and stay strong.
Whatever trading teaches it improves our life too. When a person is a good trader he becomes a better and good person too in his personal life. Always share market gives the lesson for trading as well as for life. Today we are going to read about my favorite role model/hero, "Shivaji The Great". And how is he related to trading? Keep on reading and you will know.
During 1600 AD Mogul kings and Hindu kings were fighting to take down each other. When Shivaji was young he took a vow to free his country from Mogul kings. Shivaji started to establish an independent kingdom by conquering the nearby forts. Seeing the growth of Shivaji, Sultan of Bijapur sent his general Afzalkhan. Afzalkhan was a cunning man and he planned to kill Shivaji when he meets him for a peaceful meeting. Shivaji did not believe Afzalkhan, but agreed to meet him. Shivaji wore a steel dress and a helmet under his silk dress, hid a dagger and steel claws under his dress. When they meet Afzalkhan pretended to embrace Shivaji, he started to tighten his grip crushing Shivaji. Afzalkhan was strong, tall and big. Shivaji was short and quick. Shivaji quickly pulled out his steel claws, dagger and killed Afzalkhan.
Trading Lesson: Lot of time traders hesitate to enter the trade when their stop loss got hit frequently. They start to watch market instead of trading. Prepare a trading plan, face the price action with a plan. When price action turns against you, at least you have a plan when to get out. Don't run away from trading. Be quick in executing your trading plan. Market won't wait for anybody.
Lesson for life: Whatever your problem is, you are bigger and stronger than it. Don't run away from your problems. Face it. Always have a plan when situation turns against you. Plan and execute it fast. Be quick and stay strong.
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