Imagine the good guy in a story winning against the bad guy. That’s what happens during the Indian festival of Dussehra when goodness triumphs over evil.
Think about it: isn’t that similar to Winning and Losing in trading?
This article shows how the values of Dussehra can help us become better Disciplined traders. For those who don’t know, Dussehra is an important festival in India that celebrates victory over evil.
The Core Philosophy of Dussehra
Dussehra is a celebration of the victory of good over evil.
During the festival, people follow rituals and customs that teach discipline. It lasts nine days and is called Navratri. People fast and pray during this time, learning to be patient and focused on long-term goals.
Guess what? Patience and a long-term focus are also crucial for any trader!
Identifying the ‘Ravanas’ in Trading
In the Dussehra story, the Ravana has traits like Greed and impatience.
Similarly, these traits can show up in trading as taking excessive risks or making hasty decisions without proper analysis.
In the trading world, these negative habits can be considered your own ‘Ravana’. To become a successful trader, one should eliminate them.
How to Stick to Your ‘Dharma’ in Trading
In the Dussehra story, doing your duty and being righteous is known as Dharma.
In trading, think of Dharma as sticking to your trading plan. If you’re disciplined and follow your plan, success will likely come your way.
Don’t get carried away by what everyone else is doing. Stick to your strategy.
Practical Steps to Embrace the Dussehra Principles in Trading
So, how do you apply these Dussehra values to trading?
Here are some practical suggestions.
- Use stop-loss orders to prevent big losses.
- Keep a trading diary to note what works and what doesn’t.
- Reflect on your trades and decisions regularly to identify areas for improvement.
- Keep learning and monitoring your progress.
The story and values of Dussehra aren’t just tales. They offer real lessons we can apply in trading. We can become better traders by being Disciplined, Patient, and Focused on our long-term goals.
Why not use these Dussehra lessons in trading?
After all, the Key to Winning—whether in a festival story or trading—is Discipline.
May the victory of good over evil inspire you to achieve greatness and success in all your endeavours. Wishing you a very Happy Dussehra filled with love, joy, and prosperity.-Divesh
