What 1% of the most successful Top Traders/Investors do that we don’t do? PART – 2.

23^rd November 2024

 

What 1% of the most successful Top Traders/Investors do that we don’t do? PART – 2.

 

Dear All,

 

Namaste! We are on the path to the top. While we are writing BHUJ nifty is giving salute to the BJP victory in Maharashtra by 600 points. So, Monday morning will be rocking for the market. Our post on Beggar’s dilemma was at the right time. In the last post we had seen that the TOP GUYS THINK. Now, how to think? You need a base to think with clarity. The base is INDIFFERENT. 

 

Indifference: - 

 

Let me share a story first. 

 

A Catholic father was telling his son – today 10 Hindus got converted to the catholic. God gave them the right kind of intelligence and they became catholic. Son said last time our uncle became Hindu – you had said something different. Listening to this the father got angry and said – don’t mention the name of that GADDAR. 

 

If hindu become catholic – it’s good. If catholic become hindu they are GADDAR. 

 

This thinking is not INDIFFERENT. This is PARTIALITY. When you have a set of preconceived thoughts and ideas ingrained in your brains from the childhood and you are taking a decision – you are NOT THINKING. You are just repeating like a ROBOT or you are acting out of habits. 

 

In GITA chapter 2 – slok 38 Lord Krishna had said the formula for being indifferent. 

 

Sukh dukhe samme kritwaa labha labho jaya jayo, 

tatt udhaya ujashwa neiwam paap webaapsashi. 

 

Arthaat- jo byakti sukh aur dukh ko samaan maan kar, jay aur paraajaya ka bichaar kiye bina jeevan ka yudh karta hai wo adharm ya paap ka bhagi nahi bannta.

 

The trick is to be indifferent is to be equal to the gain and loss / victory and defeat /happiness and unhappiness. Now, the person who is in such a state of mind – can think and can think really out of the box. 

 

How Smart investors and trader follow the above rule?

 

Charlie Monger was reading 6-8 hours a day. Buffett reads almost 6 hours a day. They collect the DATA. They analyse the data. They do the research and come to the conclusion to buy or not. Once they decide based on the facts – they don’t worry for the market prices. 

 

Buffett had said many times  – “I am not wrong because market prices goes down and I am not right because market prices go up. I am right because my data says so.” He reads with open mind and come to the conclusions. He doesn’t decide to BUY and do the STUDY. 

 

Another proof of his indifferent attitude when he says – “I am okay if the market closes for 10 years after my purchase.” He doesn’t have the fear for not selling his shares. 

 

How a NORMAL Traders think?

 

They come to the market for profit. If the profit is not promised – they will not invest. The fly by night operators and cheaters in the market have taken them for a ride for their GREED. Time and again they lose their money, instead, of making money. 

 

Being astrologer – people come to me for horoscope matching. Now, they have made up the mind – they like the girl or boy and they want me to say YES. If I say NO – they will ask suggest some vidhi so we can go ahead. In short, they want the marriage to take pace – by hook or by crook. Now, when the divorce happen – they blame the astrology or the astrologer rather than themselves for not following the advice. 

 

What NEXT?

 

If you really want to go to the top – learn to think independently. And to think independently, you must be indifferent first. So, if you are not indifferent – you can’t think independently. 

 

Now comes the question – how to be indifferent? We will talk about the same in the next post. 

 

Keep reading and keep sharing. 

 

Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.

 

Learn a Lesson. Live with Passion & Invest with Reason.

 

Hitesh Parikh.