How To Be Fast In Making Decisions? (when you have doubts and uncertainty - in Life and in Investments.)

October 6, 15

How To Be Fast In Making Decisions? (when you have doubts and uncertainty - in Life and in Investments.)

Greetings from Hitesh! Many have agreed that it is really difficult to sleep – once they read – “15 set of questions” – which we gave yesterday. If you have missed the same – I suggest you read them on our blog. No need to say that it had become the most read and most forwarded post.

One of the most important traits of Successful people is to take fast decisions. In fact, they keep on taking decisions day in and day out. Today I am going to talk about the same.

Dealing With Doubts in Decision Making:-

Just look at any company deciding to start a big project involving billions of rupees. Now, they have been given assurance about certain facilities / tax benefits by the Govt. They have also got their MARKET survey done to sell the product. But the fact is all these are on PAPER. The actual case may be 100% different. E.g. Tata was promised MOON to set up NANO plant in Kolkata and you know what had happened with them.

The point I am driving is – when you want to do something NEW – You will always have lesser information (however advance you are) when compared with the completion of Project.

Most NORMAL guys postpone their decision till they get the clear picture of the things. By the time they get to the things – major part of opportunities are already passed away.

Let me share an example of Stock Market:-

On 28^th Sep., we had done a MANDI in Nifty Future below 7880 ahead of the RBI policy and we made good money on 29^th Morning when Nifty Future made 7705. At 10.22am we felt like – RBI will come out with some positive NEWS and we gave a BOLD call to buy Nifty Future at 7750. The same day Nifty FUTURE made 7969 – 200 points in just 3 hours. At 2.50pm we gave a call to short the NIFTY at 7920 and we covered up at 7861 at 3.25pm.

When you play ahead of the NEWS – it is always a dangerous as the market can go any side. But if you wait for the final information to play – then also it is dangerous, as you will not make BIG money.

Not taking a decision is also a decision and you will have to pay the price of the same – in terms of loss of opportunities.

It is common for me to hear – “I KNEW MARKET WILL GO UP, BUT I DID NOT BUY.  I SHOULD HAVE LISTEND TO MY INNER VOICE”

What Science Says?

The Danish Organization Theorists KRISTIEN and SAREN have developed a Decision taking Model and as per them – as the time passes Knowledge increases and Profit decreases. They encourage people to take little risk to make super profit.

How do we take decision?

Thanks to our profession – we always have to be fast in taking decision at every moment through out the day. We ask the simple question when faced with taking a decision – what will be the MAXIMUM Loss if our decision goes wrong? We keep the loss at 2-5% at maximum and play the game. If we are not ready to lose the 2-5% - we can never make big money in the market.

Once You DECIDE your MAXIMUM LOSS – Miracles Happen:-

As you have already prepared your mind for the LOSS – you are never in pressure while actual loss happens. You are always ready that I had expected the same.

Two things happen when you are prepared for Maximum loss – you will try to reduce your losses from Maximum to Minimum and when you get the GAINS – (as against your expected Loss) you will feel Blessed. For me this is a daily routine – but you just play with this attitude and see yourself before you agree with me.

Another major thing when you are prepared for Loss is – your mind has already discounted the LOSS so now your focus will be on EXPERIENCE you get from the PROCESS. In reality that experience is only yours!!

When your focus is on EXPERIENCE – you start learning the real art of investments or art of living life.

What Next?

The great American Comedian Actress – Lucille Ball – popular for her SHOW – The LUCY SHOW – used to say – “I would rather repent for the things I have done rather than the things I haven’t”.

After reading our Blog if you have always felt like joining but did not join for reasons of our fees – I suggest you assume that FEES you pay to us will be your MAXIMUM loss and join us. I am 1001% sure that you will bless me for life if you follow what I say.

We are approaching NAVRATRI and if you want the blessings of ASHTA LAXMI – I suggest you join us.

Wish you all a VERY TASTY TUESDAY.

Follow me on Twitter @hiteshmparikh and join me on WhatsApp on +91 986 942 5399.

Live With Passion…. Invest With Passion.

Hitesh Parikh