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One of the greatest chess players in the history of the game was Anatoly Karpov.
Those who love chess will agree when i say that Karpov's battles with Gary Kasparov are legendary!
Karpov was known for his unpenetrable defence. He used to frustrate players with his armoured defence and then beat them by attacking at their weakness.
Since he was a master of defence, he was also by default master of spotting weakness in the defence of opponents.
Only Kasparov was able to beat him sometimes because of his extraordinary ability to come out with new and brilliant diguised attacking moves and make Karpov falter in his defence.
Karpov, at times, was criticised for being too defensive. It seemed to experts that he was less interested in winning and more in not losing.
He strongly rejected this criticism by saying the following immortal words:-
"The surest way to lose is to play for a draw !!!"
This is equally true for Stock Markets!
If "draw" is your aim, you will hesitate to take risk. Without risk there is no reward!
If "draw" is your aim, you will miss the opportunities of winning!
If "draw" is your aim, you will play with scared money! You will lack confidence and will be nervous most of the time.
This is a sure-shot recipe for panic impulsive decisions.
Thus the loss!
You have to be brave and take risk with a smile!
You anyhow, have the security of "Stop loss".
The best time to take risk is when the uncertainty is there and you have butterflies in your stomach.
Don't ever play for the "draw". Play for the "Win" but keep your defence strong!
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