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I find that golf and trading complement each other very nicely. I frequently
walk 9 holes very early on our mountain course before sitting down to trade
and find it energizes me while greatly lowering my stress level. Perhaps the
secret is in not taking it too seriously ... a state of mind which comes
easily to someone relatively new to golf who took it up relatively late in
life. Like anyone else, I blow the usual easy shots but only my worst scores
frustrate me. Generally, I content myself with playing within a reasonable
range plus/minus of my considerable handicap. For me the trading benefit is
the total concentration required which blots out the world of trading.
And I do find that golf is a great boon to allowing trades to run on
"autopilot" with appropriate stops. In fact, I find I often make higher
profits while playing 18 holes than I do "tending" the flock.
Earl
----- Original Message -----
From: nwinski <nwinski@xxxxxxxxxxxxxxx>
To: Ira <ist@xxxxxx>
Cc: Stewart Taylor <staylor@xxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Sunday, June 27, 1999 2:27 AM
Subject: Re: Stops
> Ira wrote:
>
> .... On many occasions I have used OCO orders once in a position and
then gone
> and played golf, and not worried about it. If my target was hit, I was
out, and
> if I was wrong, I was stopped out.
>
> NW: Trading is easy, golf is difficult. Let's talk about the
psychological
> dynamics of golf and its impact on the mental state of traders. It is said
that
> golf is a game where you compete against yourself. If you play golf like
most
> people do, every time you play golf you lose to a bad player. Now think of
the
> frustration and negative feedback that sort of conditioning sends to your
brain.
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