It’s not what you do , it’s how you do it …
Attended World Internet Mega Summit today. Stephen Pierce ( internet guru ) spoke about something that inspired me …
He asked about why all books are not created equal , though they are formed by a combination of the same 26 letters ? Similarly , why are all paintings not created equal , though they are painted with a mix of the same 3 primary colors ? Why are some music or songs better than the rest , though they are created by the same 12 basic musical notes ?
Interestingly , in trading all price bars within the same time frame are formed by the same 4 sets of price values - open , high , low and close. Yet everyone of us read and interpret the price chart differently. Do you agree ?
In life we may all learn the same thing in the same class. But everyone of us will produce different results or outcome. It is really not about What you do , but How you do it …
I prefer …
My comments : Jesse was perfectly right. As a beginner trader wanting to learn as much as possible from professionals or trading gurus , I personally signed up for couple of trading seminars. Seminars are not only costly , many came with promises of high chances of success that never materialised. Most of these gurus are traders themselves and making a living out of trading. They taught the seminar students what they did in their actual real life trading. Unless they preach what they are not doing themselves , what happened then to the trading performances of most students ? Percentage of success stories in every seminar is surprisingly low !
My comments : I love playing pool and would agree that positioning the next ball is as important , if not more important , as getting the immediate ball into the pocket. In trading , this same strategy applies. Sometimes short term gain could be very tempting and it lures us into making a silly trade decision , for example getting into a trade too early ; trading is all about timing and strategies … HenryTeo
