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If Other Industries Were Like Wall Street


Since I started an options trading newsletter over 3 years ago, I met a lot of interesting people. I also learned a lot about human psychology. Maybe the best way to get this across is to imagine -- hypothetically and absurdly -- if other industries got away with stuff Wall Street does. I would like you to take a look at this article. It provides some good perspective about Wall Street and human emotions.

If we were as impatient about gardening as we are investing: Sam plants some seeds in his backyard. He checks back four hours later. Nothing. He digs them up and replants them. Four hours. Still nothing. A week later he is dismayed that he has no oak trees in his backyard. He calls oak trees a scam.

 

If we checked our physical health as much as we check our portfolios: Ryan wakes up in the morning and checks his blood pressure. He checks it again before breakfast, during breakfast, after breakfast, and before leaving for work. When he gets to work he checks his cholesterol, again before lunch, and twice before bedtime. During one of the four times he weighs himself during the day the notices he lost a quarter of a pound. He calls his doctor to find out what the hell is going on.

 

Does it apply to people who jump from strategy to strategy, from service to service, in a desperate search for a "holly grail"? Do you have unrealistic expectations regarding your potential returns? Maybe you are just not ready for the learning curve that the service requires? You decide.

 

Humans. smile.png Van Tharp says successful trading/investing is 60% psychology...only 60%? Humans desperately want to believe there is a way to make money with no or little risk. That’s why Bernie Madoff existed, and it will never change.

 

Best luck with your investments.

 

Related articles:
Can you double your account every six months?
How to Calculate ROI in Options Trading
Performance Reporting: The Myths and The Reality
Why Retail Investors Lose Money In The Stock Market
Are You Ready For The Learning Curve?
Are You EMOTIONALLY Ready To Lose?

 

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