Tuesday, August 19, 2008
We are luckier than Olympians
We are very lucky we trade instead of swim (or any other Olympic sport). Consider the comparisons and realize how lucky we have it. Olympic athletes must train like crazy for 4 years and they get just 1 shot to win a gold medal on the world stage. The pressure must unimaginable. You can win or lose by 1/100th of a second. There is only 1 winner. If you stumble or it just isn’t your day...your chance of success is gone. You can’t use a stop loss or diversify. You can’t come back and say I will do better on Tuesday…or next week…or next month…or even next year. 4 years is the wait…and the age clock is ticking. We on the other hand can come back new and fresh each day as long as we stay in the game. We can win many ways…long, short, options, day trading, swing trading. We have many chances each month. There is no competition where only one of us can succeed. We can all make 100% or 300% on a trade. We can switch from tech stocks to solar stocks to medical stocks easily (an athlete can’t switch from swimming to running to volleyball). We can trade U.S. stocks or International stocks (or both). There is no age limit to what we do. Ideally, we learn and get better as we age. All in all, I thank my lucky stars we have chosen this path instead of one where it is all or none in a 3 minute race and only 1 person can win.

