There are many things common in a professional trader as well as fisherman. Both of them must be proficient enough to feel the sea or market. You can easily learn many things about trading from a professional fisherman.
The example of a skilled and patient fisherman -angling every one of his rivals is a decent analogy that we could utilize to make you able to understand what it takes to become a proficient and expert trader. Both fishing and trading professions need same attributes.
For example; A greedy wish to ace the specialty, getting more skills and knowledge, the wish to do anything it takes to succeed, continuously learning, and the sky is the limit from there. In both professions, a person has to be patient, disciplined and passionate. These three things are important for every fisherman and trader.
See the market like the fisherman sees the water…..
The first thing you have to learn from a pro fisherman is to see the market like a fisherman sees the water. The fishermen first see the condition of water carefully before they put their cast into the water. If they would not perform this step, then they could not catch fishes.
Both business and personal fishermen use their vast knowledge of when and where to go fishing to improve their catches. They take into account numerous factors including tidal currents, cooling and warming trends, predicting tides, how much light of the sun has covered an area of water suddenly, weather patterns, tidal flows, storm patterns, the depth at which the fishes are easy to set up, etc. Therefore, you can easily notice that numerous variables move into the pro fishing functions.
As a trader, you have to comprehend that how to read and see the market just the way a fisherman reads and sees the water. You have to comprehend the market’s flow and ebb before you move to put your money into it. You have to study and do research about the market. You have to read the previous page to get to know about the current one.
Thus, learn as much as you can and become the master of trading like a fisherman is an expert in understanding and checking out various variables that have an impact on the water conditions to entice the fishes.
Pro fisherman is a ‘sniper’…
The pro fisherman is similar to a sniper present in the army. The pro fishermen do not move on a continuous basis as it would cost them more time, fuel and more bait. They have a strategic plan according to which they do fishing, read the weather and water. It gives them an edge. Similarly, the traders have to make a strategic plan according to which they have to do trading, read the market and its flow.
A pro fisherman is well-educated as well as well-prepared on every variable of fishing. The knowledge and skills create a gut feel for fishing which you can call the sixth sense. It allows them to know where and when to go fishing. In the same way, the traders have to learn and put their knowledge into practice to develop a gut feel for trading that can make them successful.
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