Thursday, August 18, 2005

Instant Gratification

Apparently there is so much to know and do in today's world, and in the Markets, that there is no time to do or learn anything that is not instant.


A Drive through or possibly learning in your sleep approach might sell well in this environment.

One certain way to avoid getting any results is to avoid doing all the small things necessary to really have a result.


Example:
Skipping key steps in a process because you are in a hurry to "get to the good stuff". Think the result this might have on an assembly line of vital products.


You can't build something without first obtaining the parts. You can't substitute for a thorough understanding of what you are doing and why. This can't be done instantly or in your sleep.
Yet I have found it almost impossible to get some traders to put in the work needed in a systematic way to learn to trade.

Not only must something be instant, it must also be effortless.


Those who tend to "make it" and become successful either have extensive resources to overcome their failures and learn by trial and error, or dedicate themselves to really learning the subject.