the decision 

March 23, 2020

The decision to transition into full-time trading in 2016 was met with unexpected reactions from family and friends. This move followed two prior breaks and extensive learning experiences.

However, not a single person offered support except few friends; the common response was, "Why not balance work and trading?"

The decision to follow one's passion and pursue trading full-time led to countless thrilling moments over the years.

Several reasons contribute to the limited popularity of trading in India. Firstly, many parents prefer their children to secure a stable job until retirement or take over their family business, as it mirrors the lifestyle they once aspired to. They thus urge their offspring to secure such employment.

Secondly, parents often want their children to excel in the same field, ideally with a higher rank. This mirrors the desire for personal achievements.

Furthermore, trading is discouraged due to cautionary tales of individuals losing their savings in the stock market.

During a conversation with a cardiac surgeon that time, he advised against trading. However, an analogy highlighted the importance of experience in any field, including trading. While conversing with the surgeon, the topic of trading came up, and he offered a word of caution about pursuing a career in the stock market. However, a thought-provoking analogy was used to underscore a universal principle that extends beyond the realm of medicine and surgery to various professions, including trading.

the ANALOGY

The analogy essentially compared trading to the practice of medicine. In the conversation, I raised the question of what would happen I have attempted to perform a heart surgery on a patient the following day. The surgeon's response was both candid and enlightening. He explained that in such a scenario, there would be a high probability of the patient not surviving the procedure, primarily due to a lack of practical experience.

The analogy effectively drew parallels between trading and the field of medicine. It highlighted the fact that just as one cannot perform complex surgical procedures after merely reading a few medical books, trading also requires a blend of theoretical knowledge and practical experience. The point made was that trading, like medicine, necessitates a solid foundation of theory but equally demands hands-on practice and guidance, especially in the early stages.

The key takeaway from this analogy was the recognition that trading is a profession in which learning from both theory and practical application is crucial. It emphasized the significance of gaining experience, making informed decisions, and progressively building one's skills and expertise, much like any other profession. This anecdote served as a powerful reminder that success in trading, as in many fields, is a journey that involves learning from both successes and failures, and ultimately, growing through experience.

The reluctance to embrace failure is a common pitfall in trading. Society often instills the notion that failure is unacceptable, leading traders to engage in reckless behaviors after facing losses.

Overcoming this challenge is key to succeeding in the stock market, where perfection is unattainable.

In conclusion, trading demands both theoretical knowledge and practical experience. It's a profession that requires patience, resilience, and learning from failures. Share this explanation if you find it helpful.

~MS
Founder & Mentor
www.marsequity.in