A person’s journey is marked by the milestones he leaves in his wake. Imagine how short that journey will be if he keeps carrying the marker stones around.
Recently my son was preparing for his first story telling competition. The young lad slaved without break and was all pumped with vivid imagination. He finished his first draft with a flourish and gleefully showed me his masterpiece. Admittedly I was impressed, but there were key parts of his creative work that a first time audience would not be able to connect together. Hence crops of his work had to be rewritten, even deleted so the audience can embrace the simple joys of a good tale. His eyes began to ream red as he pondered the murder of his art. So I asked him – where was the value of a piece of work if the audience could not share in its delight. Which was more important to him – to show off his polish, or to share the joys of a wonderful story – and possibly even win the competition. Which was more satisfying?
And so it is with a trader’s progress, how much of his past successes and failures he is willing to let go in order to evolve. The trading guidelines, principles, learnt set-ups and trading patterns – all the hard work and sacrifices made to acquire those skills – to drop them and move on.
This is a mandated metamorphosis necessary to thrive in a market which continues to change regardless if we do. It is an emblem of maturity worn by those who continue to better themselves. The maturity to let go and the courage to push the envelope. But pride, laziness and a stubborn chain to past endorsements often restrain us. It is at such point, the journey stops.