Currently, I'm going through the audiobook Moneyball. I wasn't expecting it to be that much related to trading, but oh man it really is. It talks about some hitters like Billy Beane himself not being able to make it big in the majors because of his mental issues once falling behind the count or striking out.... He'd go so far as to break stuff in the dugout like crazy etc.... On the other hand, Scott Hatteburg was able to remain calm and even let strikes get him behind the count while remaining comfortable and unfazed which led to him having a great on base percentage because of his patience at the plate... Sounds alot like trading! Gotta remain calm and unemotional to make good trades. Once you start getting emotional - uncomfortable with sizing up after a streak of wins of smaller size - then you tend to make emotional trades which are not good.
on top of that, the book goes through how minor league hitters that are good, might do well in the majors for a small stint of time, until the hitter gets figured out and doesnt adapt... like a never ending cycle of weeding out players. I saw this as like the minors being OTC and the Nasdaq, listed stocks being the majors... gotta constantly adapt or else you will be weeded out and just be a minor league player... if one at all! Great book!
The next audiobook I'm reading after i finish the 1 hour or so left on moneyball is Dark Pools... any other recommendations out there?
The Big Short and Wolf of Wall Street are good movies. I think both have a book tho. First is on profiting off financial crisis, second is off profiting of penny stock promotion!
Wow, I couldn't agree more with your observations! The parallels between the principles discussed in Moneyball and the world of trading are fascinating. The ability to stay calm under pressure, like Scott Hatteburg at the plate, seems to translate directly to success in trading and also browse https://trustmypaper.net/ site there.It's intriguing how the mental aspect, especially maintaining composure and staying unemotional, plays a crucial role in both domains.
Join now or log in to leave a comment