Saturday, October 23, 2010

Being Master of the Market? Nope


Wondering with the stint I had have with the market or I say bazaar, share bazaar J. Market itself is the universe where you learn a lot with in yourself. Believe me markets makes you learn so much that you wont ever find out anywhere.

Whatever you are trader, investor, hedger or speculator every one wants their bets (oopss did I used right word) should go right. Everyone wants to be master of market. But you can not be a good trader, investor, hedger or speculator till you really want that you should mastered/ will master the market.

A simple question pop up in my mind “can you ever become GOD?” Nope. You can only become one with him and that happens only when one surrenders the ego. Yes “ego”.  Why we all are so fond of god? Because we know that we can not be god ever. Same way have you ever wondered why do markets have this crazy attraction? I myself getting crazy towards it. Why do people become so addicted to them? The first reason may be the elusive and illusive nature of the market. Whatever we can’t master becomes attractive to us; be it God, market or a beautiful lady!

We want to KNOW the market, something that we can’t do. All the efforts to master the market are driven by our egotism. But one must remember: Market is a place where you become the master through a complete surrender. There is no place for ego here. You accept all the commandments of the market. If you had thought that it would go up and it goes down; accept the fact wholeheartedly without feeling any injury to your ego. Don’t say: how can the market contradict ME! If you don’t accept the markets as they are, you will be left an emotional wreck.

Make one thing sure that you are not controlling the market, Market is controlling you. Up, down, bull, bear whatever be the market your emotions gets controlled by the market. One universal rule I want to mention here is that “Money can not be created in market, it just transferred from one person to other” so for every happiness you have in market, there has to be sadness to rebalance.

Trading in the markets is a journey in self-discovery. You venture out to discover the secret of the market and end up discovering yourself. You discover your impatience, your inner fears, your greed etc. In sum, you are forced to reassess yourself. After all these aspects of your personality are discovered, it is up to you whether you have the guts to come to terms with all the universal human emotions. I don’t say that you will eradicate these from your system. Here also only an acceptance of these will lead to a position when you do not resign to these temptations. The key is to gain objectivity. Courage is not the absence of fear but its conquest. When you are able to withstand your own frailties and become successful as a trader, you will realize that all through your own self was the biggest obstacle and the markets never stopped you from being successful. You yourself were the impediment. Even after this success, you realize that you have still have not mastered the market but conquered your own self. You can even find God through surrender of the self. 

Remember: Market like God is not mastered/its realized.


Know then thyself.