Tiger Woods could be the best trader we have ever not known.We already know he is the best putter in the world. The reason is simple - he maximises his opportunity every time by never ever hitting a putt until he is certain he knows the direction and the pace; after that he trusts his execution. The secrets to his putting success are discipline and research. Just like trading.
Can you see the similarity? No, I guessed not. Well let's keep it simple - Don't trade until you know, you are certain, you absolutely believe you know the direction of your trade. That takes discipline - not to trade before you are ready and it takes research - to use all the information around you to know the direction before you put the trade on.
Let's go back to Tiger - watch him tonight on BBC2 from 9pm - watch him stalk the green on every putt - not just some putts - every single putt - he looks at it from every angle - studies every shadow, every undulation, every gust of wind - he is doing his research. He stands up addresses the ball - eyes the line - and sometimes .....walks away and starts all over again - he has the discipline to walk away because he is not ready - he is not certain. He stands up again and hits the putt - every time on the direction he knew was right bearing in mind all the information available to him.
You watch - he'll hole more than his competitors. He can't hole them all and neither will you when you are trading but if you apply the same mentality as Tiger you will maximise your opportunity and do better than most - you may even win. But only if you do the research and only if you show the discipline every time - on every trade - not just most of them.
So there you have it - easy - Tiger Woods can teach you how to trade better - if you don't get it - sit back and enjoy the best sporting spectacle of the year and the azaleas of course.
Mama knows her markets
Mamamarkets
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