June 19, 2006 at 9:35 am | | Comments 1

Always Room to Improve

There is a fine line between being picky and wanting to improve. If you shoot 7-under or make $20k trading on any given day, then obviously there’s not a lot to improve on. But, both trading and golf offer plenty of chances at the end of the day to find ways you could have done better. You could have made that 4-footer on the 8th hole and shot a lower score, and you could have sold your position at the absolute high of the day too. The improvement I’m referring to isn’t of that nature, because rarely (if ever) will we be perfect. Instead, strive to continually improve yourself. If your long game is good, work on your short game and putting. If you’re trading well, double-check your position sizing or expectancy. If you want to be great, expect to pay for it with your time and effort. Bottom line: trading and golf can both be high-maintenance endeavors, so be willing to put in the work to get to the next level.

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Jeff White
President, The Stock Bandit, Inc.

[tags]Golf, Trading Psychology, Position Sizing, Expectancy[/tags]

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