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You Need To Learn How To Dance In The Rain

  
  Education
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Dance in RainEvery trader will experience storms during their trading career.

You might have days or even weeks without any storms, but they will come. Violent movements, large losses, markets that react opposite than your strategy tells you will happen and so much more.

We cannot keep these situations from happening; however we can make a decision to either wait for the storms to pass or step out and dance in the rain.

If we are planning on waiting until there are no storms, no struggles, no disappointments or no losing trades then we will be waiting for a very long time. Expect the storms to occur and have a plan as to how you will work through the storm.

When we work through the storm with a higher awareness of our risk management, money management and patience we will come out the other side stronger than before and will be ready for the next time a storm breaks out.

It is not the fact that storms happen, it is being ready to get out in the storm and still be productive. Instead of fearing the storm, learn how to dance in the rain.

India:A Downhill Slide

  
Analysis, Education
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After recording a higher-than-average (i.e. >3.2%) growth rate in three of the last four years (FY11-14), rural economic growth stepped off the pedal in FY15 and rural consumption looks increasingly likely to remain subdued through FY16 with: a) government measures to curb inflation by lowering wages growth and crop MSPs (minimum support prices); and b) unseasonal heavy rainfall in early 2015 and forecasts of a consecutive year of weak monsoon further clouding the outlook.  
State of the Agricultural households: Agriculture sector GDP grew at a tepid 1.1% in FY15, as per initial government estimates. With monsoon rainfall coming in 12% below average in 2014 and unseasonal rainfall in early 2015 causing crop damage on up to 8-10mn hectares of cultivation (4-5% of total cropped area in India), rural consumption will likely remain weak in the medium term. Our analysis of NSSO survey data on the state of rural agriculture households over the past decade reveals little structural progress has been achieved – although income (12% CAGR) and fixed capital spending (15% CAGR) have increased impressively, structural issues persist because monsoon-dependent farming remains the principal source of income, improvement in institutional credit penetration has been weak and a lack of awareness of modern agricultural practices is pervasive. Legislative agenda progressing: 

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5 Principles of Leadership and Trading

  
  Education
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What are these principles?

  1. Knowing why you are in the trading business

You can start by asking yourself:

    • Why are you in the trading business?
    • What was your initial attraction to trading?
    • Are you thinking about it as a business or a hobby?
    • Are you passionate about your trading?
    • Does trading feel like a lot of work?
    • What are your trading goals?
    • Are you enjoying the journey or just focusing on the end result?
    • What do you want to get out of trading?
      • Money
      • Excitement
      • Challenge
      • Power
      • Other things (more…)

    One Liners

      
    Education, Life
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    1. Once, all villagers decided to pray for rain, on the day of prayer all the People gathered but only one boy came with an umbrella…THAT’S FAITH
    2. When you throw a baby in the air, she laughs because she knows you will catch her…THAT’S TRUST
    3. Every night we go to bed, without any assurance of being alive the next Morning but still we set the alarms in our watch to wake up…THAT’S HOPE
    4. We plan big things for tomorrow in spite of zero knowledge of the future or having any certainty of uncertainties…THAT’S CONFIDENCE
     
    5. We see the world suffering. We know there is every possibility of same or similar things happening to us. But still we get married??..THAT’S OVER CONFIDENCE!!

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