What is an Aha moment?
Simple. It’s when you go “Aha, so that’s what it’s like!”
Or “Aha, so that’s what it’s supposed to be!”
You’ve understood something big. Finally. You see light. That’s an Aha moment.
The human being likes to be happy.
Professional happiness adds to our well-being.
To be professionally happy, you need to be doing something during which you forget about time.
What is this something for you?
Wait for your Aha moment.
Let’s assume you’ve decided upon a profession in the markets. The next question is… which market?
Which market draws you out fully? Which market consumes you? In which market do you perform the best? In which market are you happy?
Why isn’t your Aha moment coming here too?
Well, Aha moments aren’t for free. You have to struggle for them.
Start trying out different markets.
See what gives you a kick.
See where you have a natural flair.
See what lingers.
Discard what you can’t stand.
Hit and try.
Try everything if you must.
Eventually, something will speak to you.
You’ll want to be in one particular market, perhaps two.
It’ll be your calling.
I’ll tell you how it went with me.
I started with Equity.
Fluked a few. Made some money. Bet bigger. Thought I was good. Won some more. Bet really big. Lost huge. Thought to myself – no more Equity.
Then came Gold and Silver. Did ok. Found it boring. No more Gold and silver.
Tried Private equity. Did ok. Boring.
Arbitrage. Boring. But, an avenue for parking.
Real estate. Corrupt.
Commodities…didn’t get a kick. The delivery option always loomed over my head. What if I forgot to square off?
Stock futures. Got hammered. No more.
Foreign stocks. Time difference killed my evenings. Out.
Foreign mutual funds. Expense ratios were sky-high. Slugged it out for a while, but then finished it off. Lost.
Structures – broke even, then won a bit. Got bored.
Debentures. Only do short term ones, to park funds. No kicks. Debt is boring by default.
Mutual funds. Yeah, well, did my fair bit of them. Did excite me, since they were connected to Equity. As of now, there’s just light MF activity.
Stock options. Lost a bit, but didn’t actually get hammered. Gave me a bit of a kick. Well, it was Equity related, so no wonder. Started interfering with my second Equity stint. I let options go.
Second Equity stint. Did ok…ok…ok…lost a bit, won a bit, was enjoying it, when suddenly…came Forex.
Forex…whoaahh…I loved it. Swept me away. Technology, charting, skill-set, I wanted to be here. Aha. Huge leverage, though. Risk. This had to be my second game, not my first. Yeah, safety first, always. Alright, what would be my first game? Yeah, what would be my bulk game?
Equity of course. I understood it and enjoyed it. I’d done ok. Had leant lessons. Knew how to handle it. Infrastructure was in place. Aha. Nailed it in the third attempt.
So and thus, I found my games upon my Aha moments. That’s where I am. Don’t plan to do anything else.
When’s your Aha moment coming?
Work towards it.