Dear Fellow Traders,
I don’t watch a lot of television. I don’t have anything against it, it’s just that between my responsibilities of trading and being a father, I don’t have a lot of time. But, there are two shows I try to watch whenever I can.
I am sure you think I am going to say, Fast Money or Mad Money or CNBC or Squawk Box or Bloomberg TV, but you are incorrect. No, it’s Man Vs. Wild and Survivorman that I love to watch because they relate to trading.
Man Vs. Wild and Survivorman both demonstrate and narrate techniques for wilderness survival in regions around the globe. The shows document efforts to survive and find a way back to civilization requiring an overnight shelter.
They also tell about successful and failed survivals in the particular areas. The reason these shows relate to trading is very simple. Surviving in the Wilderness and Surviving in the Market are very similar.
Read the survival skills below and see if you can relate them to the market:
1. Stay Alert, Keep Calm, think clearly and act decisively.
2. Turn Fear into focus
3. No risk, no reward, no life
4. Laugh at the situation, you will need a sense of humor
5. Practice active passiveness : It’s the ability to accept the situation without giving into it.
6. Listen to you inner voice, it is the rational side of the brain
7. Take action, minimize risk, get the information, go forward with the knowledge that you have done everything in your power.
8. Going in is optional, getting back out alive is mandatory
Enjoy,
Michael MeAngelo