You must do the things you think you cannot do.

- Eleanor Roosevelt

Friday, December 11, 2009

Losing Weight: An Analogy


I know how to lose weight. It's hard; it likely doesn't taste good; and, it isn't fun. But I know how to do it. Whether or not I do it depends on discipline. The same goes for trading and poker. I know what I have to do, but it isn't fun. It's mostly sitting, waiting, taking only optimal setups. I know how to do it, but will I?
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2 comments:

  1. John (aka The Masked FinancierDecember 13, 2009 at 4:08 PM

    Anon,

    Another great (and short to-the-point post).

    Unfortunately, one of the problems that investors face (and poker players) is that there is a perception that there is an element of fun in both activities - see this post from ClusterStock - http://www.businessinsider.com/why-people-pick-stocks-cause-its-freakin-fun-2009-3

    But as we both know, neither pursuits should be viewed as "fun" unless they are being played with money that one can afford to lose.

    The Texas Holdem Investing education concept tries to show that only playing poker the "boring" way can lead to winning. Similarly, "speculating" in the investment world without paying attention to risk management and probabilities may cause some fun, but it will lose money.

    Keep up the good work.

    John (aka The Masked Financier)

    ReplyDelete
  2. ANONDecember 13, 2009 at 8:12 PM

    Thank you John. Nice reply: we do this so that we can have fun elsewhere.

    Take care.

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