Trading is no different to---.
Engineering
Chemist
Grocer
Earthworker
Concretor
Printer---etc etc.
All have to make a profit to succeed.
Some are better than others.
But why?
They are better businessmen.
From recognising opportuntity to
being able to know what to do with that opportunity
to Actually doing something!
They do the Business of Business better.
Don't really agree with that. Trading is one simple skill. Business is many.
Don't really agree with that. Trading is one simple skill. Business is many.
Don't really agree with that. Trading is one simple skill. Business is many.
Trading is the simplest business in the world. Not easy. But simple. You identify favour reward / risk situations, punch in the calculator to see who many shares to buy/sell, then click your mouse. The only one skill you need is to be analytical - be it fundamental, system design, seeing patterns in charts or reading tealeaves.
Any undertaking that doesn't involve dealing with people, and/or relying on them to your success, is some orders of magnitude simpler than those that do involve other people (like most businesses - suppliers, customers, regulators, bosses, employees, contractors, other stakeholders etc etc).
Business is one simple skill.
Complexity comes from design
Not necessity.
Ask Bill Gates.
Yes but thats just stating the bleeding obvious. It doesn't in anyway address the why some get/are good at some things while others fail?They are better businessmen.
They do the Business of Business better.
Yes but thats just stating the bleeding obvious. It doesn't in anyway address the why some get/are good at some things while others fail?
You don't know why?
Many reasons, timing, opportunity, encouragement, environment, personality, intelligence. But mostly see
deliberative practise.
Well good. Why not just say that!
I've been saying it for 6 years.......
Good to see personality and encouragement in your list nowadays.
Yes but thats just stating the bleeding obvious. It doesn't in anyway address the why some get/are good at some things while others fail?
I think it boils down to and as far back as Childhood/Parents/Roll Models.
The foundation often that we dont or cant see.
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