How is the move going Pip?
You are quite right, no amount of books will make you easy money. I do think the primary problem about the business is that unlike any other profession, you need to firstly know everything about it, you canāt no a little and assume it is enough, secondly, you have to perform at peak every single day so you canāt afford to feel tired or just simply lazy, thirdly you have to accept that you will be wrong at times and in those cases you will loose money or at the very least make none and lastly you actually have to work hard employing your developed skillsin a methodical fashion day in and day out.
Look at the diverse soceity we have with different social beliefs and attitudes that in most cases define our very idea of work and earning a living and it is sad to say that in most cases people genuinely get ahead by being lazy, taking praise for others hard work, or relying on their larger gender, ethnic or sexual orientation standing in soceity. I spent some time consulting in a merchant bank on a project (it was a well known US one in London), one of the directors categorized his staff into A players, B players and C players, he said most were B players, management and those likely to be promoted were C players and the A players usually left because they handled their own destiny and would not work well in that environment, he claimed the net result was he had a company of B players run by C players.
A players - Smart, hard working, creative and wants to be the best and will take his own destiny in his hands.
B players - Like to hide away, does the bare essentials to get ahead, doesnāt care much for promotion, does what he is told and ends floating from job to job and later self employment.
C players - nick named āsun flowersā, they take all the praise from the A players, do very little work, political animals so will always play up to the boss, put excessive pressure on both B and A players and hire mainly B and C player potential.
So the point of our job at the time was to work with the new recruits and weed out all C players and eventually ensure B players become A players who in turn will be promoted to hire only A and B players.
I have to say I find most people at one point myself are B players, eventually over time will become C players just to survive. I find trading appeals only to A players and all others either get a shock or are forced to raise there game.
Frankly I think the markets are for the most part fun and straightforward but that is just my mindset. The vast majority of people will find it a mine field and are likely to go back to their lives. I personally think this is a good thing because C players are likely to moan about losses, bring on excessive regulation and eventually bottle neck the industry, B players simply shy away and A players lose all together.
The markets are only for A players, I always say become one or get out. Harsh but true. Glad to see you guys have the A player mentally. I hope easypips and all the others realise you need to be an A player through dedication and hard work. Trading requires no less.
