Threei,
Thanks for the kind words. When I started reading your posts here, I was saying to myself, "This guy think just like I do! Except that he can explain it much better than I do!"
Regarding the analogy, I believe trading and hunting both carry the same "requirements" to be successful. Mankind survives because of our ability to hunt from day one. And the need to hunt have been with us in our blood or gene since the beginning of our existence. The stock/commodity market is simply a substitute to restore our hunting need in our progressive modern society where actual hunting is physically impossible for many of us.
In the early days, hunting is a matter of life and death; thus children were taught to learn the intricate nature of hunting. Discipline were fostered. Tools and weapons usage were taught daily to improve the odd of successful hunting. And when these children were old enough, they were brought along with the tribal hunting team to learn the real art of hunting. After much observation, these grown children (adults) began to develop an intuition on how different type of animal would react in different type of situation. And obviously, the most important lesson of all from these years of training is that one must put survival at the top of the list. For if you were too aggressive in your hunting that you ended up dead, your tribe would lose a valuable food supplier.
Thus, hunters were trained to hunt. A missed hunt is such that, a missed hunt. A lesson was learned and the hunters continue to search for the next hunt; otherwise, they and their tribe would go hungry.
Now, back to our modern society... unfortunately, because the physical danger of "hunting" is taken away, amateur "hunter/trader", without knowing the danger of it all, plunge into the hunting ground and proceed to lose their life saving... in the same way an untrained hunter would lose his/her life hunting in the wildlife full of dangerous animal capable attacking the hunters....
Therefore, is it not unsurprisingly that only a few percentage of the trader actually make money consistently in the stock/commodity market? If you look into the life of these successful traders, you would find out that they have gone thru the same kind of dedication, time, and training like our hunting ancestors. A commitment to learn from others, learn from books, learn from experience, learn from feedbacks, learn from observation, learn from intuition, learn from any kind of technique of relaxation, and finally, learn to trust and believe in yourself. You would also find out that these traders have been in the business for years before they become successful.
To sum up my analogy here, I like to quote a paragraph from page 211-212 of "Jim Corbett, Master of the Jungle" by Tim Werling, Safari Press Inc.
""And it was his compassion and persistence that allowed him to succeed where so many others failed.
After all, how many others would sit up on a tree limb watching over a kill all night long, hoping by some faint chance to get a shot at a man-eater? How many others would stalk a man-eater on foot through rugged jungle day and night, knowing that death might be lurking behind every rock or bush? How many others would have the fortitude to continue a hunt after seeing the ...<scratch out>... victim? How many others would endure cold, rain, diseases, and loneliness day in and day out, without throwing in the towel? This is what separated Jim from the others: He had the patience, persistance, and endurance to succeed."<<
Regards |
