There are two levels of problem people face here -
1) They don't know why they are trading? Don't have an objective in mind.
2) They don't know what their resources and the risks are and how to carve a process to achieve the desired outcome?
Coming to the first problem - in India, it is our habit to preserve our incompetence under the name of satisfaction as we fear failure. Everyone across the social media only wants to share their success and achievements and no one want to be lebelled as a failure. And this results into a reluctance in attempting.
The extension to this socialist mindset is - we always lebelled people who are ambitious as greedy, achievers as being lucky and rich as corrupt and privileged. Mix politics to this mindset and you will see a culture of worshipping poverty coming into play.
1) They don't know why they are trading? Don't have an objective in mind.
2) They don't know what their resources and the risks are and how to carve a process to achieve the desired outcome?
Coming to the first problem - in India, it is our habit to preserve our incompetence under the name of satisfaction as we fear failure. Everyone across the social media only wants to share their success and achievements and no one want to be lebelled as a failure. And this results into a reluctance in attempting.
The extension to this socialist mindset is - we always lebelled people who are ambitious as greedy, achievers as being lucky and rich as corrupt and privileged. Mix politics to this mindset and you will see a culture of worshipping poverty coming into play.
But we all 'secretly' want to be rich even if it comes through corrupt means. We all want to be that lucky achiever. But while other people's success is greed, luck and corruption, our success is nothing else than our 'hardwork'.
But all we do is to dream of being an achiever, rather than setting up ambitious goals and challenging ourselves to reach there. We all dream to become the next Qullamaggie but neither we have a plan to achieve it, nor we have the ability to digest what comes in the process. But we still think that by doing ordinary things, by learning trading from the next fintwit guru who an year back was investing 2% in a stock and announcing it on twitter handle - you will become Qullamaggie. You believe that finding the next super successful pattern which some another crook is presenting by changing the name of an already existing phenomena, you will definitely become one. By getting more fancy 'scans' and 'indicators' from these people will make you Qullamaggie for sure.
But all we do is to dream of being an achiever, rather than setting up ambitious goals and challenging ourselves to reach there. We all dream to become the next Qullamaggie but neither we have a plan to achieve it, nor we have the ability to digest what comes in the process. But we still think that by doing ordinary things, by learning trading from the next fintwit guru who an year back was investing 2% in a stock and announcing it on twitter handle - you will become Qullamaggie. You believe that finding the next super successful pattern which some another crook is presenting by changing the name of an already existing phenomena, you will definitely become one. By getting more fancy 'scans' and 'indicators' from these people will make you Qullamaggie for sure.
Extraordinary results need an extraordinary AMBITION before anything else. A man without ambition is nothing but a corpse. The world don't tell you the story to those who built a hut to live and die in it with their illusion of 'satisfaction', rather it tells you the stories of those who dreamt of conquering the world and acted upon it. You may like them or hate them, you can't ignore them.
A while ago, Sam Altman mentioned that Open AI will need $7 trillion, nearly twice of the Indian economy. Elon Musk wants to conquer Mars. Think about the size of these ambitions! And we are happy that our people run Google, Microsoft and what not, but we can't show a single Google or Apple or Microsoft which we built. What does this show - we have the ability, but we don't want to take the risk. And we are extremely pleased that someone among us (with whom we once shared a country, a religion and a race) became a top employee in Google.
A while ago, Sam Altman mentioned that Open AI will need $7 trillion, nearly twice of the Indian economy. Elon Musk wants to conquer Mars. Think about the size of these ambitions! And we are happy that our people run Google, Microsoft and what not, but we can't show a single Google or Apple or Microsoft which we built. What does this show - we have the ability, but we don't want to take the risk. And we are extremely pleased that someone among us (with whom we once shared a country, a religion and a race) became a top employee in Google.
Attributing Frankl, Harold S. Kushner in his foreword to Victor Frankl's Man's Search for Meaning writes, "Life is not primarily a quest for pleasure, as Freud believed, or a quest for power, as Alfred Adler taught, but a quest for meaning."
Being ambitious is not about being greedy. It is about finding a meaning in life and continuously challenging and improving yourself to become able to achieve that goal.
Trading is a hard business, it is not something you can start doing, make some buck here and there and stop. Market doesn't like non serious people, they aren't going to earn a dime from it. Trading is hard, it is not worth putting so much effort just to make some 5K-10K here and there.
So, sit and think - why you want to trade? Do you have an ambition large enough to live and die for. Or is it just a time pass for you? If you find the meaning of your life in challenging yourself to become an achiever through trading, it is the way to go.
Being ambitious is not about being greedy. It is about finding a meaning in life and continuously challenging and improving yourself to become able to achieve that goal.
Trading is a hard business, it is not something you can start doing, make some buck here and there and stop. Market doesn't like non serious people, they aren't going to earn a dime from it. Trading is hard, it is not worth putting so much effort just to make some 5K-10K here and there.
So, sit and think - why you want to trade? Do you have an ambition large enough to live and die for. Or is it just a time pass for you? If you find the meaning of your life in challenging yourself to become an achiever through trading, it is the way to go.
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