According to Adam Grimes: “….So much of a discretionary
trader’s performance depends on more or less subjective decisions, so we must
approach the market with the right mindset and attitude. I’ve come to realize
that one of my key trading skills is more than a little counter-intuitive, and
perhaps may be very surprising at first glance. The good news is you can
develop this arcane skill too, but, I have to warn you, it is a bitter pill for
some people to swallow—I am really, really, really good at being wrong.
“I think this skill might come from my previous career as a
classical musician. I spent much of my childhood and young adulthood as a
classic pianist and a composer. At least once a week, my work would be reviewed
by a teacher and criticism was much more likely than praise. At some point, you
just accept criticism and critique as normal; you develop a thick skin and stop
having any emotional reaction. I even once had a teacher hit me in the back of
the head and say, “everything you are doing is very, very bad” and storm out of
the room. My reaction? I sighed because I knew he was right and resolved to
work harder next week...."
More? Check out http://adamhgrimes.com/blog/2012/12/08/an-unlikely-skill/
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