Learn Intraday Trading in India From Bhagwad Geeta
Here are few of the Lesson for Intraday Trading in India from Bhagwad Geeta that can help to improve thought process to be a successful intraday trading.
For a intraday trader who is sufferer of Greed, Hope and Fear in Intraday Trading.
हे अर्जुन! जीवात्मा का विनाश करने वाले “काम, क्रोध और लोभ” यह तीन प्रकार के द्वार मनुष्य को नरक में ले जाने वाले हैं, इसलिये इन तीनों को त्याग देना चाहिए
Greed, Hope and Fear should have no position in the intraday trader’s life. Greed will always motivate intraday trader to execute more number of trades, incorrect trades and turns into over intraday trading. Hope will not let trader book the loss at the right time leading to huge losses and Fear will not allow trader to win risk, to hold place for longer time which leads to better profits. A trader should never give space to such emotions in his Intraday Trading Career.
Intraday Trader who only thinks about earning profit and does not count risk in Intraday Trading.
जिस प्रकार धुएँ से अग्नि और धूल से दर्पण ढक जाता है तथा जिस प्रकार गर्भाशय से गर्भ ढका रहता है, उसी प्रकार कामनाओं से ज्ञान ढका रहता है।
Almost every trader has a habit of thinking about earning high profit when he entered in the market. This greed for profit does not let them to make rational thinking about taking care of their risks, long term overview, proper risk and money management, holding place for bigger profits, making good amount of profits from fewer number of trades, etc. So it is the duty of trader to ensure the risk on portfolio just and not think about profit.
Intraday Trader who does not learn from his past and blames others in Intraday Trading.
जो हुआ वह अच्छा ही हुआ है, जो हो रहा है वह अच्छा ही हो रहा है और जो होगा वह भी अच्छा ही होगा। बीते समय के लिए पश्चाताप मत करो, आने वाले समय के लिए चिंता मत करो, जो समय चल रहा है केवल उसी पर ध्यान केन्द्रित करो।
Losses are the part of the business because even the most successful trader suffers from losses. In the beginning most of the traders due to various internal and external reasons suffer many losses and even if they get the right group and firm to work with their suspicious mind do not allow taking forward step. They keep abusing and ignore the current experts who could actually help them a big way. Trader should forget the past for whatsoever reason it was. Whatever has happened it is for good. It is to make trader matured one. Trader duty is to keep learning always and improve his Finances.
Intraday Trader who looks for sure shot tips, big bang, etc type trades
तेरा कर्म करने में ही अधिकार है, उसके फलों में अधिकार नहीं है, इसलिए तू न तो अपने-आप को कर्मों के फलों का कारण समझ और कर्म न करने में तेरी आसक्ति भी न हो।
Trader during trading should never focus on the result. The duty is to learn, research and trade and not to think about the profit/loss. Trader can’t decide the outcome even for a single trade. The performance of actions should not be influenced by any thought of future result. In case traders try to think about result, it will lead to anxiety, which will lead to fear and then fear will increase impulse and leads to confusion. The confusion will lose the stability of mind and hence resultant will be wrong decision or no decision.
Intraday Trader who believes that they can’t earn from Intraday Trading in India.
हे भारत! सभी मनुष्यों की श्रद्धा उनके अन्तःकरण के अनुरूप होती है। यह पुरुष श्रद्धामय है, इसलिए जो पुरुष जैसी श्रद्धावाला है, वह स्वयं भी वही है॥
Belief shapes the behavior of Individual. Behavior causes the actions and actions create results. Thus, what you believe is going to structure outcome in the market. Always Work on the thought process. The Trading psychology and trading behavior play 70% or more roles in helping trader to become successful. Also action without proper knowledge is hazardous. So always grab more knowledge and work sincerely for the success in financial life.
The wisdom of geeta is spreading worldwide. If time allows you take some time and read it in the way as if you are taking Intraday Trading related classes. By doing such there will be magic change and your intraday trading life will change drastically.