Wednesday, October 20, 2010

Major League Pitchers Know How to Bring It!

I love the comparisons between trading and life. There are so many similarities of how trading imitates life it's intriguing to no end.

Being an avid baseball fan, I really enjoy the parallel universe between baseball and trading. The geometry of the field/chart; runs scored/points made; working the count/managing the trade; offense-defense/long-short; singles/1st scale...and the list goes on and on.

But one of my favorite comparisons is between a major league pitcher and a trader. Both need passion and a desire to hone their craft which takes many, many years to do. Some are "naturals" as they don't require as much time to become competent. But most need a lot of time, hard work, on going effort and experience in order to reach dominance.

A pitcher's mechanics and the ability to deliver a variety of pitches in the strike zone with command is an art form and takes years to perfect. You learn as you gain more time on the field, working through different situations, understanding your opponents strengths and weaknesses as well as your own while continually smoothing out the nuances of the delivery in order to become an effective competitor.

The traders journey is very similar to that of a pitcher in the majors. Each day/ballgame starts with a plan; we use certain setups/pitches that are delivered as the situation warrants; our trade execution/delivery needs to remain consistent no matter the volatility/action in the game; stay calm and cool while not getting too high or too low no matter what happens. Stick with your plan, and if your not getting "the call" or getting hit hard, make adjustments.

It's all about making a consistent delivery, commanding "the zone", doing the same thing over and over again proficiently, always searching for and identifying nuances within your game and tweaking the established and documented successes with slight adjustments that make you better at your craft.

Major league pitchers know how to bring it but it takes years of practice. Traders are no different as we learn how to trade. We learn how the "bring it" but it takes years to perfect the delivery and to ground the emotional aspect of our game. Eventually we can and will become complete pitchers/traders. It just takes a few hundred games to get there.

Trade Well !

ps: God I'm enjoying this MLB post season! Love the team match-ups in both leagues. In the end...Go NL!