Trading and farming have many similarities, so many concepts, strategies, ideas ,philosophies, pshycology and logics of trading works for farming and viceversa. i do both.
1. Script selection : in trading which script to trade ex:equities or currency or commodities or derivatives etc..
in farming which crop to grow ex: u know them.....
2. Method : which method to use to trade. ex: fundamental or techincal analysis etc..
which method to use to grow the crop. ex: organic or inorganic etc..
3. Duration : scalping or intraday or postional or investment etc...
commercial ( lessthan 3 months crops) or longterm ....
4 .Entry & Position size : when to enter and how many lots
which season to grow and on how much of land
5 .Management : trade management after entry ex :where to put initail SL,when to move trail S L, when
to book profits etc...
crop management to increase yield ex: water ,fertilizers etc....
6. Exit : when to exit from trade. no one 100% perfects the exit strategy in both trading and farming. we cant get price as expected when we exit from both , we cant control it, what we can control is our entry into trade or crop with risk and money management, knowledge, experience ,pshycology(mindset) etc... actually we dont need to be right every time, we can mint money if we are right less than 50% of trades or crops with proper method , mindset, risk and position size management which suits our requirements and personality.
These are only some of the similarities, there are still so many similarities if we think off .
the same elements of philosophy and pshycology sinks with trading, farming and human life also.off course its difficult to survive in markets but not impossible, if we are successfull in markets we will be successfull in all aspects of life.
1. Script selection : in trading which script to trade ex:equities or currency or commodities or derivatives etc..
in farming which crop to grow ex: u know them.....
2. Method : which method to use to trade. ex: fundamental or techincal analysis etc..
which method to use to grow the crop. ex: organic or inorganic etc..
3. Duration : scalping or intraday or postional or investment etc...
commercial ( lessthan 3 months crops) or longterm ....
4 .Entry & Position size : when to enter and how many lots
which season to grow and on how much of land
5 .Management : trade management after entry ex :where to put initail SL,when to move trail S L, when
to book profits etc...
crop management to increase yield ex: water ,fertilizers etc....
These are only some of the similarities, there are still so many similarities if we think off .
the same elements of philosophy and pshycology sinks with trading, farming and human life also.off course its difficult to survive in markets but not impossible, if we are successfull in markets we will be successfull in all aspects of life.
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