Saturday, August 18, 2012

Trading - Acres Of Diamonds

I am sure you have probably heard the famous story "Acres of Diamonds."

It is a story of a farmer who hears about other farmers in his area getting rich off diamonds found on their property.  Exciting by the thought of being rich, and not having to farm, the farmer sells his land, buy prospecting tools and sets off to find his riches.

Years later, of course, he dies, broken and penniless, never finding any diamonds.

The land he used to own - the land he sold to fund his diamond search - turned out to hold the richest diamond mine in the world.  He owned, free and clear, acres of diamonds, and yet he never looked on his own land.


Think about this story when you reflect on your trading.  Maybe you bought a trading system you barely studied (and later put it on a shelf), or a trading book that you never read.  Or maybe you had a great idea for a trading strategy, but never bothered to test it or pursue it.  Maybe you have a system you trade, but you don't trade it with the proper number of contracts, thereby limiting its potential.

Most people trading are in an endless pursuit of the trading equivalent of "acres of diamonds." You never know, you might already have that diamond mine in your possession...

1 comment:

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