Don’t be a plan fu*ker.

I am big fan of Mark Suster, he is an Entrepreneur turned VC, and writes at Bothsidesofthetable.com.  One of my favorite posts is Don’t be a Grin Fucker.  A grin fu*ker is someone whom you offer advice to and smiles and shakes your hand and does the exact opposite.

This is something we all struggle with.  Traders are impulsive, know everythings, and have memory issues.

Why are we plan f*ckers? Priorities. Perspective. Pain.

Trading is about gains. Gains in money and knowledge (the market, you, and the relationship between the two). Once that thought leaves us, we are in trouble. Because it is about the money, today or tomorrow in the case of learning. We are taught that wanting and obtaining money are bad things.  Money is a traders oxygen, without it we die.  With that being said, it is important to know when to take a deep breath and when to take a shallow breathe.  When we lose, our priorities change and we almost instantaneously start the negotiation between relieving short term pain and long term survival. This is especially true when we don’t follow our plan.  When short term thoughts begin to win it is like a cut getting infected and pretty soon they are amputating things. Cuts are going to happen as we are constantly walking around sharp objects.

A solid plan improves reactions and gives confidence. As Mike Tyson said, “everyone has a plan till they are punched in the face”, don’t punch yourself in the face.

punching

 

  • tariq asadi

    great article, was hopeing that it was going to be longer however striaght to the point.

One Response to Don’t be a plan fu*ker.

  1. tariq asadi says:

    great article, was hopeing that it was going to be longer however striaght to the point.

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