I had a conversation with a client of mine yesterday and I would like to post it here. It is a little different than my usual blog but I feel is it very much what a lot of people think trading has to be like. Now, this person is a big baseball fan so you will see that I explained things to him in baseball terms. Since we are all familiar with the All American Sport, I am sure you will all get the analogy. Here it is….
Client: You know any professional has pressure. You have to have it. You can’t be without pressure. The best baseball player deals with it all the time. From the opposing team or his own numbers or the guy in the minors that wants to prove that he belongs in your place. So, to trade without pressure is not something that is doable for most. And to me the pressure is important to be there because you groom yourself to achieve in the most stressful of environments. Paul sent me a thing about the men and woman who achieved in the most stressful of times. The pilot who landed safely in the Hudson etc. that makes sense. To think you are not under stress, or only trade when you not, will not help if you do this for a living. How you trade and handle yourself during those times is the difference between success and failure.
Me: I agree that how you believe and handle yourself during those times is the difference between success and failure but it is not my belief that it has to be surrounded with stress and pressure.
Different people will handle the same situation differently based on their views/interpretations of what the particular environment means to them. Not all people will consider it to be stress/pressure. But it is still how you handle the situation that makes the success not if it has stress/pressure or not.
Let’s take your favorite sport, Baseball and equate it. A player coming up to bat with bases loaded and 2 outs. It seems obvious to those watching that it is a stressful situation, but is it? Does that batter see it as stressful or does he see it as an opportunity to do his best? Does that put undue pressure on him or does it give him a challenge to overcome? Or does it relax him knowing that he is going to do his best this time as he does every time.
These are all different ways that a player can handle the same situation. The ones that can tune out the “internal chatter” and focus on the play are the great ones. Like your favorite player, Evan Longoria
Client: I’m keeping that chat. You are correct; strive to win when I am in that situation. Don’t look back, look forward. I am at that place in time because I put myself there. Seize the moment!
Are you all Seizing your moments?
Until next week…Green Trades Everyone!