What 1% of the most successful Top Traders/Investors do that we don’t do? PART – 3.
25th November 2024
What 1% of the most successful Top Traders/Investors do that we don’t do? PART – 3.
Dear All,
Namaste! We have covered the first factor – Thinking in the first part. In the second part we had seen the bases of clear thinking is being indifferent. Now, to be indifferent we need third and the most important factor – Awareness. We have heard about awareness but let me share you the most historic example of Lord Buddha.
Awareness: - Prince Siddhartha was kept away from OLD people till he became young. The astrologers had predicted that this boy can become a great king or great monk. To stop him from being MONK – his father had raised him in a very young environment. He was going to the youth festival one day and he saw and old man on the road. He asked his driver – what has happened to this person? ( remember - he had not seen old man so far). The driver said – he has become old.
Now rather than worrying to help him or to think about him – Prince Siddharth asked another question – Will I also become OLD? The driver said YES.
Now, the Prince said – please turn back the CHARIOTE and as I have become old only. The driver said you are not old yet. Prince said – I am become old every day. So, no point in going in YOUTH FESTIVAL.
This is the best example of awareness. He became aware about the old age and he took the decision indifferently. His decision proved to be a great boon to the man kind and we got the BUDDHA.
Normal people and awareness: -
I am sharing some of the examples – which are common to us all. Just read and think.
1. Ahead of EKADASHI or FAST DAY – we ask what we will eat in the FAST!! ISCKON has a FAST THALI in its restaurant. In other places also there would be FAST ITEMS being sold for eating.
They are easting some different food in place of regular food and calling it a FAST. They are in SLEEP. They are not AWARE.
2. Go to normal people home in the morning. Seniors in the home would be doing POOJA or JAPA. They will see the TV / Talk to you also and do the POOJA and JAPA. They will pick up the phone also.
What kind of POOJA or JAPA is this? They are not aware.
3. You arrange any pooja and call the purohit to do it for you. This guy will do the pooja and also pick up the phone and talk to other clients. He is not aware and his clients who allows him to talk are also not aware.
4. Normal investors buy shares for long term and sell it when it moves up by Rs.10-20 in the intraday.
Normal investors buy shares for long term and start crying when the shares goes down by 10-30%. It has become cheap – so they should add more but they will start crying.
Normal traders buy shares for trading and rather than selling at the stop loss – they hold it till it goes down 20-30% and then they call it their long term investments.
5. Person having severe diabetes will eat sweets telling himself that if I eat one day nothing is going to happen. Now, every day is one day. This is applicable in other ailments also where doctors have asked to follow the restrictions.
6. Person taking a loan to pay up the old loan assuming that he will be able to pay all the loan this way!! They sell their house ultimately.
All the above examples are of UNAWARENESS. They are simply in sleep and they call themselves smart. Study your behaviour with respect to the above. You may have some or the other related issues where you will be behaving out of unawareness.
Conspiracies of the TOP PEOPLE: -
They have given us the tools to make our life secure. They sell us the MUTUAL FUNDS / They sell us the insurance / they give us the LOAN so we can buy home and fulfil other personal wants. In short, we have been made SLAVE without telling us the name SLAVE. Our awareness has died down.
Top traders and investors and the AWARENESS: -
Look at the FIIS data. They reduced their short by 7% and increase their long by 7% before the election results of MAHARASHTRA. They are so aware that they changed their strategy fast and came in buy side. Now, tomorrow they will have a great day.
Just observe the top investors through their SEC filing in the USA and in SEBI filing in India – you will see they are much ahead of the normal investors when it comes to buying or selling. They are AWARE to the ground realities better than the normal people.
Their stakes are so large that they can’t afford not to be aware.
How to bring AWARENESS in our life?
We become aware only and only when we are in danger. Look at your behaviour in COVID times. It was dangerous period and we were wearing mask and taking lot other precautions.
Normal people become aware in the times of DANGER only.
Go beyond secure job, secure retirement benefits and do something which challenges you.
What NEXT?
If you want to go to the top – you need to be indifferent and think. But to be indifferent the first step is to become AWARE. Become more aware with what you think – what you say – what you do. If these three activities are aligned – your awareness will increase for sure.
Keep reading and keep sharing.
Follow me on Twitter @hiteshmparikh / WhatsApp - +91-9869425399.
Learn a Lesson. Live with Passion & Invest with Reason.
Hitesh Parikh.
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