From pre-degree onwards stock market fascinated me. More than making money, I had irrepressible curiosity to know every thing. From my experience in market, I learned one thing, that it is not easy to make money. You might be analytically good but without having a fox eye it is impossible to make money in the market. This story might enlighten you before you try your luck in stock market.
Once upon a time there lived a beautiful princess whose fame in beauty had reached far away kingdoms. To marry the beautiful princess, kings and prince from all over the world had reached to her palace. The king wants the most brave and intellectual person to marry her daughter. So he made a tough competition and the winner can marry his daughter. But the loser will never escape from the palace because even a single mistake will end in the death of the participant. Many attempted for competition and none escaped from palace.
The prince of Vijayanagar was very brave and genius. Once he saw the portrait of the princess and suddenly fell in love with her. He wanted to marry her and decided to participate in the competition. He started his journey and travelled through jungle to reach the country, where the beautiful princess dwells. In his travel through the jungle he met with a saint who was meditating under the banyan tree. The prince stopped there in order to receive the blessing from the mystic saint. The saint enquired about the mission and he divulged his desire to him. After hearing it saint started laughing sarcastically. The prince got annoyed with the behaviour of the saint but kept his anger under control. The saint asked him why he wanted to marry the princess. He replied that he had never seen a beautiful damsel like the princess. Saint replied that if he wants to marry her then he should hate the princess. The prince got embarrassed with the reply of the saint and saint affirmed his statement. Prince asked the saint that how he can hate her since he love her so much.
“Then imagine her as the most ugly woman till you hate her “saint told him and went on meditating.
After so many days of strong imagination and penance the prince attained the power to hate her. The other side of the mind reminded him that why he wanted to participate in competition since he started hating her. But curiosity compelled him to participate in the competition. He reached the palace and informed his willingness to participate in the competition. While participating, he understood that, all the activities have to complete in a timely manner in order to escape from the danger. And to detract the participant seducing pictures and statues of princess are placed all over the palace. But it doesn’t distract the prince since he already had attained the power to hate her. And prince had won the competition and married the beautiful princess.
Financial markets are also like the beautiful princesses who lure every speculator to commit the mistake. A speculator who lacks discipline will become an easy prey for the market even he had knowledge where the market heads towards. Error in entry and exit, sudden actions on emotions and lack of patience are all probable mistakes the speculator can commit even if he had apprehension on the direction of prices.