Wednesday, January 18, 2006

When you are faced with opportunity....what do you do????



As we move thru life, everyday we have choices to make and some will be good ones and some just plain won't, simple as that. But the process of making those choices can create yet another problem and that is dealing with opportunity.

I am sure at some point in time, you thought of a great idea for a new product. Taking an old garden hose cutting a piece 6 foot long and attaching the ends so your kids could have something to play with.

Or maybe you saw a piece of property what was for sale and thought, now that would be a great place for a car wash or strip mall.

You were introduced to someone in 9th grade and thought how beautiful, generous and sweet she was and would have liked to become friends with this Norma Mortenson.

But as time passed by, you saw the hoola hoop at Grants, where they had built a new strip mall on your way to the movie starring Norma Jean herself.......missed opportunities.

Trading is full of opportunites everyday, but are you able to take advantage of them or do you watch them go by just as you have all your life. Have the choices you made, the good ones and the bad ones confused you into not being able to see these opportunities or worse.....act on them at the correct time.

Have all the bias you developed over time causing you to now have problems with trading? When you worked for others or owned a business you were able to lay the blame off on others because of your bad choices and missed opportunity. But when you are trading it's not you against the markets....it's just you!!!!

You totally understand that at the end of the day, where the opportunity was, you totally understand how you acted and reacted....and the net result and it eats at you in the middle of the night as you stare at the ceiling. Bo Bennett once said, "The only place opportunity cannot be found is in a closed-minded person." Are you closed minded or are you looking for a way out? The holy grail, the answer and would you even know it.....if the opportunity was handed to you????

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