RSS
June 20, 2006 at 9:25 am | | Comments 1

Grind it Out

Spending every day at the golf course might have meant lots of long, hot hours in the sun, but it didn’t mean that I had my best game every time I showed up. Some days I just didn’t have it, and there are days like that in trading too. In high school and college, we used to have to qualify for every tournament. If I wanted to make the traveling team (top 5), I’d have to earn it. We would play anywhere from 1 to 6 rounds to determine who would get to travel and who would get left at home, and I can certainly say that I didn’t have my “A-game” every time. Some days I just had to stick to what was working even if it meant I attempted fewer kinds of shots. If the low pull-fade was the shot that was working and a high draw wasn’t in my repertoire, then I played for the low fade! It kept me in the game and made me a tougher competitor as a result.

Trading is similar in that certain plays won’t work sometimes. Breakouts don’t work well in choppy markets, so you have to turn to reversals to make your money. Your bread-and-butter play might not be there for you under certain market conditions, so grind it out by finding another way to profit. Adaptation is the key!

By the way, subscribing to this RSS feed will mean you won’t ever miss a post!

Jeff White
President, The Stock Bandit, Inc.
www.TheStockBandit.com

[tags]Golf, Trading, Trading Psychology[/tags]