“When I read the Bhagavad Geeta and reflect about how God created this universe everything else seems so superfluous.” “We owe a lot to Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made.”
– Albert Einstein
Since childhood I had heard about motivational power of Geeta. My Hindi teacher in school used to inspire us to read Geeta however we never paid attention to that however this amazing statement about Geeta uttered by great scientist Einstein inspired me a lot. I grabbed a new copy of this book and finished it entirely within a week.
You may wonder, “What is the use of reading a collection of texts that was taught by Krishna to Arjuna more than 5000 years ago?” Does it have any relevance in today’s time?
Generally it is perceived that Geeta helps you to improve your professional life then how come it helped me to improve my financial life. Not only that, leading engineering conglomerate, Escorts has roped in a Bhagavad Geeta-specialist, to inspire its 20 union leaders. SBI, NTPC and NHPC, MMTC are among the growing list of corporates looking up to the Geeta to solve management labyrinths. What is that which is making this old age saga so useful for individual and corporate?
Today I will share few of the verses and how they helped me to improve my thought process to be a successful trader.
- For a trader who is victim of Greed, Hope and Fear in the market
हे अर्जुन! जीवात्मा का विनाश करने वाले “काम, क्रोध और लोभ” यह तीन प्रकार के द्वार मनुष्य को नरक में ले जाने वाले हैं, इसलिये इन तीनों को त्याग देना चाहिए।
Verse 21 – Chapter 16
Greed, Hope and Fear have no place in a trader’s life. Greed will motivate you to do more number of trades, wrong trades, over trading. Hope will not let you book the loss at the right time leading to big losses and Fear will not allow you to take risk, to hold position for longer time which leads to bigger profits, respect your gut feeling, to be discipline. A trader should never give space to these emotions in his trading life ever.
- For a trader who only thinks about profit, does not count risk.
जिस प्रकार धुएँ से अग्नि और धूल से दर्पण ढक जाता है तथा जिस प्रकार गर्भाशय से गर्भ ढका रहता है, उसी प्रकार कामनाओं से ज्ञान ढका रहता है।
Verse 38 – Chapter 3
Almost every retail trader has a habit of thinking about only profit when entering in the market. Their greed for profit does not allow them to make sensible thinking about taking care of their risks, making long term overview, doing proper money and risk management, holding positions for bigger profits, generating good amount of profits from less number of trades, etc. Don’t think profit; it’s given by market. Your duty is to ensure calculated risk on your portfolio.
- For a trader who does not learn from his past, in fact blames others
जो हुआ वह अच्छा ही हुआ है, जो हो रहा है वह अच्छा ही हो रहा है और जो होगा वह भी अच्छा ही होगा। बीते समय के लिए पश्चाताप मत करो, आने वाले समय के लिए चिंता मत करो, जो समय चल रहा है केवल उसी पर ध्यान केन्द्रित करो।
Gita Saar – Chapter 18
Losses are the part of this business even the most successful trader suffers losses. In the beginning most of the traders due to various internal and external reasons suffer many losses and then even if they get the right group, right firm to work with, and their suspicious mind do not allow taking forward step. They keep abusing old associates and ignore the current one who could actually help them a big way. Forget past whatsoever it was. Whatever happened, it was for good. It was to make you a mature trader. Your duty now is to keep learning always and improve your Finances.
- For a trader who is looking for sure shot, big bang, etc type trades
तेरा कर्म करने में ही अधिकार है, उसके फलों में अधिकार नहीं है, इसलिए तू न तो अपने-आप को कर्मों के फलों का कारण समझ और कर्म न करने में तेरी आसक्ति भी न हो।
Verse 47 – Chapter II
While trading, never focus on the result. Your duty is to learn, research and trade and not to think about the profit/loss. You can’t decide the outcome even for a single trade. Our performance of actions should not be influenced by any thought of impending result. In case you try to think about result, it will lead to nervousness, which will lead to fear and then fear will increase your impulse, confusion will create and you lose the stability of mind and hence resultant will be wrong decision or no decision.
- For a Trader who believes that he can’t earn from the Stock market
हे भारत! सभी मनुष्यों की श्रद्धा उनके अन्तःकरण के अनुरूप होती है। यह पुरुष श्रद्धामय है, इसलिए जो पुरुष जैसी श्रद्धावाला है, वह स्वयं भी वही है॥
Verse 3 – Chapter 17
Belief shapes your behaviour. Behaviour causes your actions and actions produce results. Hence, what you believe is going to structure your outcome in the market. Work on your thought process. Trading psychology and trading behaviour play more than 70% role in helping you to become a successful trader.
Action without knowledge is dangerous and knowledge without action is futile. Grab more knowledge and let’s start working sincerely on financial life.
Wisdom of Geeta is going global. If time permits, take out some time and read it considering that you are taking trading related classes. This has the magic to change your trading life massively.
Autor: Abishek Raaman