The four pillars of a successful trader
1. Najar (Vision or Focus):
☛ In stock trading, Najar refers to having a clear focus and sharp observation. Traders and investors must constantly monitor market trends, stock charts, and economic indicators to make informed decisions.
☛ Example: Keeping a najar on price movements or upcoming market news ensures you’re prepared to act promptly.
2. Jigar (Courage or Risk appetite) :
☛ represents the courage to take calculated risks in the volatile stock market. Investing often involves facing uncertainty, and success requires bravery to seize opportunities or hold positions during downturns.
☛ Example: Buying into a declining market or holding onto an asset during temporary dips takes a lot of jigar when others panic.
3. Khabar (Information or Awareness):
☛ Staying informed (khabar) is critical in trading and investing. Access to accurate news, updates about company earnings, macroeconomic conditions, and market sentiment can significantly influence decisions.
☛ Example: Having the right khabar about an upcoming Federal Reserve decision can help anticipate market movements.
4. Sabar (Patience):
☛ Sabar is the ability to remain patient, a critical trait for long-term investors who aim to benefit from compounding or ride out market volatility. It also applies to traders waiting for the perfect setup before entering a trade.
☛ Example: Practicing sabar during a bear market instead of panic-selling can lead to better returns when the market recovers.
