Become a Trading Jedi – 8 Lessons from Star Wars

by | Nov 2, 2023

In the vast galaxy of the financial markets.

Volatility reigns, wars are lost and won and fortunes are shifted from different planets and spacecrafts.

Star Wars is known as the iconic space opera that debuted in 1977 and was created by George Lucas.

There are many lessons we can learn about trading.

As Yoda once said,

“Do or do not. There is no try.”

So, let’s harness the wisdom of the Jedi and the Sith to explore crucial trading lessons drawn from the space frachise itself – Star Wars…

 

  1. “Your Focus Determines Your Reality” – Qui-Gon Jinn

 

In trading, this quote resonates deeply…

Your strategy, your watchlist, your time frames…

Everything you do and focus on, sets your reality with your trading.

As I like to say, trading is nothing more than confirmation bias of turning chaos into order…

Just as a Jedi harnesses the Force through focus and discipline, traders can navigate the markets by honing their focus on the variables that matter most.

Everything else is just noise!

 

  1. “The Force Will Be With You, Always” – Obi-Wan Kenobi

 

It’s an iconic phrase and we cannot NOT include it…

In trading, you need to have a strategy, rules and criteria in place to achieve long term goals.

These are the forces you need to drive your account.

These forces will provide you the stability and resilience, to weather trading wars and stay on course toward your trading goals.

 

  1. “Fear Is the Path to the Dark Side” – Yoda

Fear often leads to irrational decisions and impulsive actions in the financial markets.

Fear leads to no action or wrong action.

And this can trigger a precedent where you seize lucrative opportunities and where you lose hope and focus in the goal.

You need to overcome fear in trading.

Jot down your emotions.

Stop yourself from acting blindly or emotionally.

Be more in control of your rational mind.

Do not succumb to the emotions and keep a clear head.

Do this and you will leave the dark side of trading and see the forever light ahead.

 

  1. “In My Experience, There Is No Such Thing as Luck” – Obi-Wan Kenobi

Luck in trading is often perceived as the elusive force behind success.

And yes I would believe that if it was a once in a blue moon thing.

But trading well, is having taken thousands of trades.

Then you’ll see that the element of LUCK falls away.

The celebrations of winning trades and misery of taking losing trades – fades.

Luck turns into nothing more than probabilities.

Sharpen your skills, adapt to the market changes, track your journal and trades.

You might feel luck plays a role in focusing on the above.

But over time and experience, you’ll see LUCK plays no role.  

  1. “Patience you must have, my young Padawan” – Master Yoda

In trading, impatience often leads to hasty decisions and missed opportunities.

This is a LONG journey.

This is a HARD journey.

This is a challenging and trying journey.

But have the patience, will and passion.

And you’ll be rewarded handsomely during the process.

  1. “Adapt or die.” – Sith Lord, Darth Vader

The market continues to change.

New volumes and algorithms are always adapting.

The trading environments are always shifting.

It is your sole goal to adapt with the markets for financial survival.

Sometimes you might need to tweak your strategies to align with evolving markets, instruments and trends.

  1. “The greatest teacher, failure is” – Master Yoda

Many traders and coaches say losses are lessons.

And yes, at first you may feel so.

They may teach you why your strategy is not infallible.

They may teach you why you took a larger loss than you should’ve

They may teach you why you took a loss and then it went to the take profit.

But when you are an experienced trader, losses are no longer failure.

Losses are the costs of running the trading business and are part of the journey…

Just like the costs of running a spaceship like fuel, energy, food, repairs, maintenance, staff, droid repairs and upgrades.

  1. “The ability to speak does not make you intelligent.” – Qui-Gon Jinn

You need to remember.

The media is out to trick and manipulate you.

BUY BUY BUY… SELL SELL SELL…

Who are they to predict where the markets are heading?

Who are they to tell you what to buy and sell, when it’s all just discretionary BS.

Not every ‘expert’ or source of information in the trading world is reliable.

You need to develop a thick skin with tunnel vision.

You need to verify your information according to YOUR strategy, your system and your proven methods.

Do NOT follow blindly into the darkness.

This game is all about critical thinking and discernment.

FINAL WORDS:

I trust you see the power of quotes in movies and series.

You now have the ideology of becoming a Trading Jedi…

Let’s sum up the trading lessons we can learn from Star Wars…

  1. “Your Focus Determines Your Reality” – Qui-Gon Jinn

  2. “The Force Will Be With You, Always” – Obi-Wan Kenobi

  3. “Fear Is the Path to the Dark Side” – Yoda

  4. “In My Experience, There Is No Such Thing as Luck” – Obi-Wan Kenobi

  5. “Patience you must have, my young Padawan” – Master Yoda

  6. “Adapt or die.” – Sith Lord, Darth Vader

  7. “The greatest teacher, failure is” – Master Yoda

  8. “The ability to speak does not make you intelligent.” – Qui-Gon Jinn

 

 

 

Trade well, live free.

Timon Rossolimos
Founder, MATI Trader

 

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Trade well, live free.

Timon Rossolimos

Founder, MATI Trader

 

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