16 ways high level athletics is like professional trading.

Professional trading is like high level athletics.

Scarcity

There are not very many professional trader or high level athletes. A trading account does not make you a professional trader and a jersey does not necessarily make you a high level athlete.

Loneliness

Because most people will never be a professional trader or a high level athlete there is not many people they can talk to. But there are always more than you think.

Only matters how you finish

It does not matter how you start, the object is to be profitable or win.  How you define failure will define you.

Age is not an issue

Age is not a determining factor in success. Experience and focus help. Being hungry helps. A combination is best.

Preparation

More time is spent preparing than competing.

No guarantees

When you are competing with others there are no guarantees of a positive result.

Perseverance

It takes balls to get back up after getting beat. It feels like the end of the world but it isn’t. One foot in front of the other.

Adapting

Change happens fast and if you are going to keep up you have to make changes. No one stays on top forever those that can adapt last longest.

Injuries

There are set backs. The injuries are physical and mental. The difference being the physical issues from professional trading usually stem from the mental issues.

Feedback

Feedback is crucial. Reaction to the feedback and perception of feedback are determining factors in success.

Athletics have played a crucial role in my development as a trader and a person. If you weren’t an athlete I am sure there is something else

See also 5 Common Rules of Successful Traders.

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  • David Darcy

    Flow : My best performances on and off the field have been when I was in a state of calm. Great place to be amid the chaos and violence in a sport such as football. As an aside, had a boxer friend who said the one who wins the street fight is the one who breathes….

  • Dv

    Similar to your “Scarcity” – having three letters behind your name (i.e. CFA, CFA, CMT) or prominently displaying the nicely framed certificates on your wall does not make you a professional trader or portfolio manager – except maybe, only to the extent that you have sold enough people on the validity of the intials to gather enough assets (which actually attests more to your ability to be a great marketer).

  • Very interesting post. The list of qualities is very simple but I do not think theirs many individuals that could make the grade. Look at tiger woods most likely the best golfer of all time and even the tiger could not beat his own inate instincts.

3 Responses to 16 ways high level athletics is like professional trading.

  1. David Darcy says:

    Flow : My best performances on and off the field have been when I was in a state of calm. Great place to be amid the chaos and violence in a sport such as football. As an aside, had a boxer friend who said the one who wins the street fight is the one who breathes….

  2. Dv says:

    Similar to your “Scarcity” – having three letters behind your name (i.e. CFA, CFA, CMT) or prominently displaying the nicely framed certificates on your wall does not make you a professional trader or portfolio manager – except maybe, only to the extent that you have sold enough people on the validity of the intials to gather enough assets (which actually attests more to your ability to be a great marketer).

  3. Very interesting post. The list of qualities is very simple but I do not think theirs many individuals that could make the grade. Look at tiger woods most likely the best golfer of all time and even the tiger could not beat his own inate instincts.

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