Apparently, most of you don’t know that I’m a big-time history buff and to be specific warcraft is always my go-to thing for everytime I want to go for something informative. And trust me on this when I say that in Stock Market we need a warrior mentality to defeat the opponents. So here I am with a little something which might help/motivate you in the Stock Market.
There was this Chinese, greatest of all time war leader and strategist in the 14th century named Sun Tzu and one of his quote is so much relatable and he says,
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”
People ask me how should I overcome mental barriers for trading so let me simplify the above quote for you. Your enemy in the above quote is mainly the knowledge about the market, market participants, charts, etc. And once you know yourself and market, you’ll be confident enough with your trades. If you know yourself and don’t have knowledge about the market and if you are trading, then you are bound to lose and you are overconfident. If you don’t know yourself and the market, may god help you since you are The IDIOT.