June 22, 2006 at 9:35 am | | Comments 0

Like it or not…

This is the final installment of the Trading & Golf Series. I sure hope you’ve enjoyed reading it, because it’s been good for me to reflect on the endless similarities between these two passions so many of us share. Hopefully you’ve gained something from it as a trader, a golfer, or both!

Maybe you took up trading to make some extra money or start a new career. Maybe you took up golf to pass some free time and enjoy the outdoors in a relaxed setting. Like it or not, you’re going to learn something in them both! The dynamics of each game (and trading is a game) are just such that you’re bound to discover some of your tendencies. The fun part is, you’ll immediately have the opportunity to improve.

Golf and trading both teach us so many lessons about ourselves, and we can apply these lessons to both efforts. We never know what’s right around the corner, and events can easily catch us off guard. Your perfect drive in the middle of the fairway ends up in a divot. Your winning trade gets downgraded overnight. The wind picks up right as you hit the ball, and you never had time to adjust for it. So many things can happen….

But, it’s not what happens to you that countsit’s how you respond to it.

Respecting the challenges of both golf and trading is part of their appeal. Knowing that significant rewards can accompany improved skills is what keeps us all coming back for more, whether it’s the satisfaction of a lower 18-hole score or a fatter trading account. It’s a process, so strive to find ways which will benefit you now, but more importantly, over the long haul. Stay determined and patient. Work hard. Plan to overcome adversity. And never underestimate the importance of a clear head in both endeavors. Your ability to focus solely on your next shot or your next trade just might start your next hot streak!

Jeff White
President, The Stock Bandit, Inc.

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

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