Who says successful people can teach people form their own field only? Who says traders can learn ONLY from pro traders? Wake up! Open your eyes and look around. There is always to learn something or the other from people from different fields. Afterall, it is all about the mindset!
We see and look for ‘skills’ to be successful. And for that, we go mad over following successful people belonging to our field. Well, this is how our mind has become over the years. I am not saying that traders are wrong when they follow Warren Buffet’s tips. No! But when it comes to Tuning the Mind for effective and efficient working, to think and act like successful people, skills of even the successful people from the most opposite field can prove to be the best teacher for you, The Traders!
Lets look at the highest paid, the successful one, the TIGER of his field- Tiger Woods! He is the record breaker, record setter, a living legend of Golf of this era- as known worldwide.
The mindset counts
Once ranked as No. 1, this phenomenal golfer faced a steep fall in 2011 when his ranking went down to 58. And reason, everyone knows, was the turbulence in his personal life during that period. Got the point? I’m trying you to connect the success rate with the mindset. They are directly proportional to each other.
Woods, the master in golf fall on the ground level owing to this psychological mess. Similar things happen in trading too. Isn’t it? One bad phase in life, be it the personal one, and the trader seems to be failing in everything move he takes and loses much! So to keep your mind on-track, taking the break time-to-time is really important.
But this certainly does NOT mean that you should start AVOIDING such situations and sit back to watch them moving away on their own. Rather, learn to fight and manage it own your own, just like Woods did. He fought back bravely and came winning when his ranking rose to No. 1 in 2013. As Traders, this practice will help you the most in the times when both your personal life and the market graph are declining.
Visualise: It’s a great habit
The Huffington Post says: Our body performs the way we ‘visualise’ them before actually performing them.
So powerful visualising of our actions in the manner we want them to happen creates an equivalent impact on its actual performance.
It is a powerful tool used by many successful sportsperson, be that swimmers, athletes or golfers! Earl Woods tells Tiger Woods opted this technique in his early days. He visualises before actually hitting the ball. So the ball goes exactly where he wants.
Take for example, one phobia that you have. Now while you’re thinking about this, you’re feeling frightened or uneasy. Right? Exactly this is what will happen when you’ll actually face this situation. So if you visualise something positive, it will work in the same way. Visualising is like preparing in advance. Later with much practice, you master it.
You Traders too can adopt this technique. But yes, it is not a one-day-guaranteed-results technique. You got to practice it to be confident about it. Sooner, you’ll be able to professionally visualise your trades and trading moves.
Get a coach: Guru is important
Success is a learning process. No one is born successful but evolves to be successful. And for that, a Guru, i.e. a coach or a teacher is very important.
“Even Tiger Woods has a coach. No one does it alone, and you need a network of people to help if you want to be successful” – says Jean Otte, CEO and Founder of Women Unlimited.
A coach is the one who can make this evolution possible. It is a myth in the minds of many that coaching is for the weak people. Ask successful people the importance of coaching. And the same goes for Traders as well. Adopt it as early as possible and you will be many steps towards success. At Bimal Online Services , we also believe it is not possible to make profits by just trading tips. That’s why here You Will Get complete training on which involves selection of scripts, how many lots to trade depending on your capital, exit strategy depending on the number of lots you trade, how to create portfolio, how to keep position open with minimum loss, when to avoid which scripts, plus lot more…..
All in all, wherever you go, whatever you do, whoever you follow, ultimately what counts is your conscious efforts accompanied with right mindset and timely guidance.
Also, these points are not just Golf or Woods-specific. As Traders, you can adopt them in your routine and move many steps further from where you are today. Remember, you too can be Tiger Woods of your field, i.e. you too can be successful in trading, all you need to do is practice, practice and some more practice!
P.S. : Bimal Online Services provides consulting service and technical analysis software for MCX-Nifty-F&O-Currency . All technical software provides exact entry target and stop loss . USP of BOS software is that all software suggests which script or commodities to trade. Plus you can get SMS alerts of software signals.