INTRODUCTION
The real world is far from ideal.That’s why it's very important to be
bold and practical.This book has bits of my journey so far and a reminder of
how by following timeless rules and proven techniques one can achieve
anything in life.I feel grateful and blessed to see this book in your hands
and would assure you that would be transparent to share some of the key
elements of my philosophy.
This book ain’t an autobiography or an attempt to impose my principles
on you,it’s just about those tiny factors which led me on the path to
prosperity and the little success which I have gained so far in life.
The core of the entire ebook if has to be summed in just 3sentences
would be :
When the ruthless world seems to be spinning out of control, we can
maintain a sense of inner peace and keep our mindsets strong by
remembering some of these lessons which I learned by experience.
Remember,I am not an author or someone who is trained in
literature.Hence,there could be a couple of mistakes in the book for which I
apologize in advance.I would love to listen to your feedback too on my
twitter handle i.e.
https://twitter.com/Abhishekkar_ and would also love to
see your reviews on Amazon.
Our momentum of success is largely dependent upon our mindset.
Whether we are fully aware of it or not,our beliefs and thoughts we hold,
shape the actions we take and other consequences in our life.
Hence,make sure that you read all the chapters with a positive mindset.
With Love
Abhishek Kar
DO MISTAKES EARLY IN LIFE
When I started my career in markets, I was simply gambling. Yes, you
heard it right, all I was doing was listening to a few tips here and
there,doing random analysis based on what felt good to me. I was surprised
to see the results which were obviously devastating as my net profit and
loss statement used to be nothing but negative. It was only after 2 and a half
years of directionless trading,that one day I sat with my historical statement
and realised the several mistakes I was committing while trading. Few of
them were, trading low liquid stocks, trying to go against direction and
taking more of contra trades that too with messed up position sizing , trying
to replicate media analysts and picking up stocks about which I had no idea
and the list of my mistakes was bigger than Britannica Encyclopedia that
time. As Jack Ma says ‘Any mistake is a wonderful income’ and that’s
exactly what these mistakes became to me. When I finally decided to focus
more on learning by reading books on my domain, meeting brokers who
could bring in some real time market insights and write down mistakes in a
diary, is basically when my improvement started. I consciously started
taking a note of not repeating these mistakes again and even if sometimes I
did repeat some as those habits were embedded in my subconscious and it
took some time for me to let go of those, I still made a lot lesser mistakes
and could steadily improve to a level where I have reached today with
respect to my own trading. It’s funny to see, how many complain about how
bad the markets are, how they are scared to make mistakes early in life due
to the fear of regret and how many just fail to experiment in markets just
because of these fears.Making mistakes has got no importance at all, but the
true importance is of how do you behave after making a mistake. Mistakes
are meant for learning,not for repeating.I am telling you with my own
experience :
The more mistakes you commit early in life,more are the chances of discovering a better
version of yourself. So treat your mistakes as lessons.
Stocks and Life: Snippets from the life of Abhishek Kar by Abhishek Kar