What Arjuna from the Mahabharata Can Teach Us About Mastering Trading

Sep 16, 2020

Vijay Bhambwani, Editor, Fast Profits Daily

A lot you have asked me to do more videos on the basics of trading. Specifically, what a new trader in the market should do to get on to the path of achieving trading mastery.

I'm happy to help. It's an honour for me to share my practical knowledge which I have gained over more than three decades of trading.

In this video, I'll share a simple tip I picked up by reading the Mahabharata. It might surprise you to know that traders can learn a lot about achieving mastery from Arjuna.

I hope you find the video useful. Let me know your thoughts in the comments.

Hi, this is Vijay Bhambwani here and in this video I am going to discuss a topic which some of my viewers have asked me and I also find it of particular interest, especially for helping out traders who are just beginning their journey in the financial markets as traders.

So this is about how you can achieve trading mastery learning from the Mahabharata, especially about the system which the greatest archer in the world, Arjuna, used to reach where he was.

You would have no doubt heard the stories of how Arjuna would basically surprise people by his skills in archery as a marksman. For example, shooting a fish by looking at its reflection in the water in the opposite direction and shooting through trees, multiple trees at a time with the same arrow. Now these are stories which basically tell you that the skill of the marksman was superlative. How did you get there and what is needed to really get there? Can we as traders learn something from this episode in the Mahabharata?

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Now as per the Mahabharata, the Pandavas were kind of exiled to live a life of ascetics and monks in the jungles for 13 years. Now during one of these days that they were spending in the jungles, Arjuna who was eating his evening meal, you basically live in hut, you live like a monk, so there no such thing as dining tables or beds, you're sitting on the floor, you have a small elevated stool on which there's a plate of food and you're eating, and there was an earthen lamp, which was basically giving him enough light to basically go by, and due to a gust of wind, the lamp went off. The earthen lamp went off.

Now, amongst many conservative Hindus, it is believed that you must not get up in the middle of a meal. If you get up, you have to end the meal. Those were the times when the belief system was pretty strong back then, and Arjuna decided to continue his meal without actually getting up to light the lamp again. Something very strange happened and Arjuna, being the warrior that he was, was all the time, wondering how he could better himself at archery.

Arjuna realised that even though it was pitch dark, his hand knew how to put that morsel of food in his mouth. Not even once did the morsel of food go in his eye, his nose or in his ears. He was wondering why. How come the hand knew where the mouth was and if it were possible, could it not be achieved even in archery? How after seeing a target and then either blindfolding yourself or shutting your eye and therefore replicating the situation of a pitch-dark room where he was eating, could Arjuna not shoot the target blindfolded or without visual sight?

He started practising archery in a dark room every night or blindfolding himself in the daylight hours and then practising archery. Guess what? Over a period of time, just by visualising the targets and shutting his eyes and knowing where the target was, he would turn and shoot the arrow and lo and behold, the arrow would hit the bull's eye. This was practise and perseverance leading to mastery in archery.

The same can be achieved in trading. Do you know an expert batsman like, say, a Sachin Tendulkar, Rahul Dravid or Virat Kohli, you bowl a fast ball at them, they would have noticed where there is a gap between fielders and swing their bats, and that's exactly where they drive the ball. Some have told me fascinating stories about how a bottle is suspended from a rope and an expert batsman knows how to hit the ball and aim for that bottle so that the bottle is smashed when the ball hits it all by swinging the bat. Now this is mastery and work.

Can a similar situation be possible in trading? I would say yes. Now there are two ways to go about it. A rookie, obviously a newbie, should not be risking too much money in the initial stages in trading. So a lot of people, a lot of people resort to paper trading or mock trading. They go about writing down on a piece of paper. I bought this and so and so price, at so and so date and time, and I sold it at so and so time, date and time but there is a problem with this system. There is no such thing as real world stress that you encounter as a trader whose money is in the line of fire.

I suggest a compromise situation where not only are you participating in the market, the real market with real money and the real stress that goes on when your money is in the line of danger and at the same time you don't lose too much. The simple thing being ask yourself this question. Can you not deploy sufficient money to buy 2 to 5 shares of TCS, Infosys, Wipro, Reliance? Any name. Any name. Just do target practise with 2 to 5 shares. Hey, you will actually feel the pain of a loss. You will actually feel the joy of a gain and yet your risk will not be as big that you should worry about having to destroy your savings. This is learning on the fly. This is how Arjunas in the markets will be created over a period of time. I think you should give it a shot. This is something that I would very strongly recommend to rookies who are starting out in the market.

I hope this answers the question of many of my viewers who asked me how to go about things. Look, there are things which you can only learn by actually going through it. I can't recommend any other way to learn swimming under than to take your clothes off, getting into a pair of swimming trunks, and diving into the pool. Reading books about swimming will not make you an expert swimmer. It's only after you dive into your pool that you will actually learn swimming. This, according to me, is a low cost, low risk, and highly motivating system of learning to trade.

On this positive note, I bid goodbye to you till we meet again in my next video. If you're watching this video on YouTube, please don't forget to click like and subscribe to my YouTube channel. In the common section, do let me know what you think about this video and what you would want me to record in my next and help me reach out to fellow traders who are interested in learning a 360 degree worldview in the markets and knowledge based investments and trading by recommending my video to your family and friends.

Do take very good care of yourself, your health, your family, your friends, trades, and investments. Have a very profitable day ahead. Vijay Bhambwani signing off for now. Thank you for watching my video.

Stay safe and have a great trading day!

Warm regards,

Vijay L Bhambwani
Vijay L Bhambwani
Editor, Fast Profits Daily
Equitymaster Agora Research Private Limited (Research Analyst)

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