Read this small story about “HOPE” in a blog today. During a brutal study at John Hopkins University in the 1950s, Harvard graduate Dr. Curt Richter placed rats in a pool of water to test how long they could tread water.
On average they'd give up and sink after 15 minutes.
But right before they gave up due to exhaustion, the researchers would pluck them out, dry them off, let them rest for a few minutes - and put them back in for a second round.
In this second try - how long do you think they lasted?
Another 15 minutes?
10 minutes?
5 minutes?
No!
40 hours!
That's not an error.
That's right! 40 hours of swimming.
The conclusion drawn was that since the rats BELIEVED that they would eventually be rescued, they could push their bodies way past what they previously thought impossible.
If you are going through tough times, just don’t lose hope and hold onto it for some more time. Eventually everything will be alright!
• • •
Missing some Tweet in this thread? You can try to
force a refresh
If you are fitness freak there is a 100% chance that you can be a good trader as well. Working out and Trading are similar, both requires extreme discipline to be successful. You can see many people going to gym often, but you wont see considerable change because 1/5
they don't know that abs are made at the kitchen. Just hitting the gym doesn't give you required results, the lifestyle, food habits you follow outside your gym life makes a bigger impact.
Similarly, there are tons of trading strategies avaialble on the internet, but still we see lot many traders fail because lack of discipline to stick to the trading system. People going to gym lose their motivation in three months because they fail to see any considerable change
A small thread on Mindset of a successful trader. What differentiates best traders from the bad ones? Why 95% of the traders don’t make money? Trading is an unpredictable game, how could one win in that? 1/n
Many people think some magical strategy or indicators is all they need to be successful at Trading. But what really goes in the minds of a successful trader? Professor Hichman Benjelloun did a research on this.
Successful traders have poker face. If you talk to successful traders or chat with them, you can’t figure out if they are happy or sad. Having good time or bad time.
Excellent speech from #RaamdeoAgarwal about significance of long term #Investing where he explains his 30 years journey in Indian stock market #videoshorts
A thread on Position Sizing #Trading is the only profession where you can see Doctors, Engineers, and many other successful professionals try their luck with stock market, these people excel in their own respective field but struggle a lot when it comes to trading.1/n
Unfortunately, everybody believes that a successful trader always has a secret Technical Skill. But the truth is Technical skill is the least important factor to be a superstar trader.
Then what separates a great trader from the group of average traders? Its their emotion.
This is how most traders think: They first think about the Entry point, at which price should I buy? At which level should I enter? At which point should I get into a trade?