Lessons I Learnt From Stock Market

 

By Vishal Rupwani MBA I Year

It all started in the year  2020, when I opened my  Demat  account . Before that I had  started research in the stock market. I was very fortunate to get my first stock market  mentor in an Institute involved in stock market training  . I started my trading and investing journey ever since then. It felt to me like a roller coaster ride in the markets, where sometimes you feel like a king of analysis and like a sore loser at other times. Each day in the market taught me something new. I  consider myself as  a student of the markets as I know that stock market is very vast   and there is lot to learn from it. There are some learnings which I learnt from stock market and would like to share with all of you.

➤ Be humble: You should be humble and never let you ego escalate to a level, where it controls your actions. As a trader, you need to be humble with the amount you use in the markets. In a trade, you should never involve an amount which causes you to lose control of your emotions. This concept when applied in trading will lead a path to success with lesser setbacks. The same when applied in life will lead you to becoming a better person in life.

➤ Be patient: We have to learn to be patient in life as will go on as it is designated to at its appropriate time. As an investor or trader, patience is the most desired quality you need to build in yourself. Trading is the same as fishing which requires patience. It is not necessary to catch every fish in the sea, just some that bite your bait. It is the same for trading it is not necessary that you take every successful trade just a few that fulfil your target are required. You need to learn to take small steps to the success rather than hoping for a big leap. It very will relates to the quote “Patience is bitter, but the fruit is sweet”.

➤ Maintain Discipline: Discipline is one of the most important aspects which lead to success in life. You might consider how it relates to investing or trading. Even the biggest traders might have a washout of their account if they are not disciplined with their trades. If you are a trader you need to consider and plan every aspect of your trade before you enter it. You need to have a strict discipline over yourself to follow up with your plan be it in a profit or a loss. Discipline is what differentiates a trader from a gambler. Discipline is considered as a success mantra by most of the successful entrepreneurs and managers in a firm.

➤ Have Confidence in yourself:

Be it in our life or in trading or investing there comes a point in our life where we tend to lose confidence in ourselves. It is very important to keep our goals in the mind and continue on work on ourselves. It’s easier said than done to go over such process; you might need a mentor to keep pushing you forward in such cases. Only with consistent work and determination can one achieve small steps toward their goals their goals. These small steps help one build an unbending confidence in oneself.

➤ Never give up attitude:

You might have often heard people saying there are ups and downs in life. Believe me, you will see much more than just up’s and down’s in live market. It is normal as a human being to make mistakes, the same happens with traders or investors. It is not always the case that everything goes as per your analysis; there are chances that you may have made some error in your judgement. It’s very difficult to accept such losses. It is very important that you learn from your mistakes and progress with them as your stepping stones. You must never give up on your goals, because of a few setbacks, learn from them sharpen your skills and continue to work. Only through consistent effort can water breach the rocks, you will definitely achieve success in your goals if you are persistent and consistent with your work towards it.

The stock market boosted my interest in finance and that is why I took an MBA (Finance) course at  Indira Global Business School. I am sure that in the future I will continue to be associated with the stock market and keep learning new things.

Written by Vishal Rupwani 

Indira Global Business School, Pune.

The author can be reached by mail at - vishal.rupwani@indiragbs.edu.in