
I can’t see chaos I can only see opportunity
Few Unplanned Things
Life is not a straight line & surely it won’t be. Most of the time, we want our life to keep moving smoothly, but now & then, there are a lot of unplanned things that happen in life & what you do & how you handle those things define your way to success or failure
Stock Trading is one thing where every day something unplanned occurs, how many people have read about oil going below $0, I don’t think we have any book that has article of commodity going below zero dollar, recently a lot of traders & investors got shocked, last year when screen showed value below zero. Few Left trading forever, few started to make allegations against the government, manipulation, etc., few made excuses, whereas few people have added another lesson in their dictionary & they will be more prepared next time & moved on….
Contra Thinking
We all know about Herd Mentality, that people can be influenced by their peers to adopt certain behaviour on a largely emotional rather than rational basis. It’s a very common practice that we hear from others, we start making our own stories without any rational bias, and mostly humans are attracted towards half-empty glass rather than half-full. This is where contra thinking based on experience, skills, and rational bias helps not to follow herd mentality & find opportunity
I still remember one day in March when it was a bloodbath in the stock market as if COVID would stay forever in our lives & all businesses would be shutting down forever, but any rational man could have used the opportunity to get away from herd mentality & done value investing at some unbelievable low prices. Finally, it turned out to be one of the best ever years for investors, where markets have given amazing returns. So important to think rationally rather than emotionally during tough times.
Staying Calm in Chaos
Be calm in chaos, easier said than done. But there is a way out & this is called rational thinking & time pattern. There are a few things how hard you keep on trying, it doesn’t work, it only goes from bad to worse. But scientifically it’s proven, if you can be rational & follow a consistent time pattern, it will be helpful for you to stay calm in chaos
Whenever I face some tough situations, few things which really helps me, first one is to absorb everything rather than react, secondly keep following your time pattern for different activities, it helps to avoid overemphasize on one particular thing & thirdly most important is to find solution to problem by thinking rationally rather than emotionally. Staying calm requires skills, and it is a by-product of how you master your own emotions, perceptions, beliefs, discipline, and your own psychology.