Doing Beats Knowing
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I am overweight when you go by the definition. Every time I play cricket, there is always someone in better shape on the team, making me wish I could be fitter too. I do want to lose weight, and I know how to do it.
The funny thing is, my wife is a nutritionist (P.Hd) (Often taunts me "Diye tale andhera"). I know I need to change my habits – like sleeping on time, eating the right things in the right amounts, and exercising. I have to stay away from stuff like junk food, too much carbs, and fats.
So, I've got the motivation and I know the process. The missing part is the action. I see myself making excuses to avoid exercising or sticking to a healthy diet. I need to make a decision: either take action, lose weight, and enjoy the benefits, or stay overweight, party hard, overeat, and deal with the consequences. I've learned that just having the desire and knowledge is not enough. I need to actually do something about it.
Trading is no different. Everyone wants to make big profits or knows that discipline is crucial. In trading, having stop losses is super important to survive in the market. Losses are just part of the business and accepting this fact is of paramount importance. Following a systematic approach matters a lot, and it's better to ignore the noise from stock news or expert opinions. Some of us learn technical/fundamental analysis, which is good, but it's not everything. The key is putting plans into action.
Going through the drawdowns, leaving some profit on the table, and letting go of a few good opportunities are all part of the process. By accepting and integrating the unpredictability of the markets into your trading, you can avoid the emotional pain. Trading, like life, needs more than just motivation and knowledge; it requires action. Traders should stick to their plans, keep practicing, and in the long run, the market will reward them. A trader with less knowledge but excellent execution skills can outperform someone with extensive knowledge but weak execution skills at any time.
The trader must choose between following systematic and disciplined trading and enjoy its benefits, or being an undisciplined trader and going through the stress caused by the unpredictability of markets.
@Prashant-Shah @Brijesh-Bhatia
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Hi Ravi, nicely written. I used to follow your post on X.
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Thank you @Debarchan-Ghosh-Dastidar
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Yes, I agree to your approach about system in trading be it of any kind.
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hi Ravi nice write up thank you for the reminder as to position yourself
(another note I just had junk food and now I am cursing myself, deviating from my regular diet) -
@Ritesh Badai thank you ritesh bhai.
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@Rajeev Talasikar thank you.
