Our Philosohpy / Vision
The DAX Day Traders apply the philosophy of specialization such that rather than be a ‘Jack of all trades (markets), our aim is to be a master of one (the DAX)’.
The definition of specialization is: ‘the process of concentrating on and becoming expert in a particular subject or skill’.
Research has shown that when an individual applies the philosophy of specialization and is energized by personal passion, they are much more likely to master and excel in their chosen field.
Lee Jun-fan, known professionally as Bruce Lee, was a Hong Kong-American actor, director, martial artist, martial arts instructor, and philosopher.
Lee is considered by commentators, critics, media, and other martial artists to be the most influential martial artist of all time and is a perfect example of someone who applied the philosophy of specialization and was energised by his passion for martial arts and film making.
The image opposite contains one of his famous quotations which sums up the power of specialization.
Passion for a subject is vital, if absent then any endeavour will soon become a chore.
Clock-watching is a classic sign of someone who lacks interest in what they’re doing, the opposite is true when someone is enjoying what they’re doing, time seems to fly by and they are said to be ‘in the zone’.
Albert Einstein pointed to this with his famous quote regarding relativity:
“An hour sitting with a pretty girl on a park bench passes like a minute, but a minute sitting on a hot stove seems like an hour.”
Consider this, should you go on to succeed at trading and are consistently profitable, then you are not limited to just trading for yourself.
We live in an age where technology enables you to share your success with others by allowing them to link their trading accounts to yours such that your trades are copied automatically as you enter and subsequently close them. This is due to the evolution in social-trading technologies, allowing traders to share their expertise.
Not only can you charge for this service but you will also be serving others by helping them achieve their financial goals, a real win-win situation!
This is a great skill to have in an age where people are struggling to get any meaningful returns on their savings and investments.
Of course this option is only for those who make it into the bracket of elite traders but that maybe a long-term goal some of you aspire to. Others may not want the pressure or profile that would accompany such an option but that’s the world we live in and it’s evolving all the time.
The DAX Day Traders would love to support you and be part of your trading journey, together we can learn and progress one step at a time.
The DAX Day Traders.