Monday, November 8, 2010

Everyone Needs a Plan

A new wide-eyed, aspiring trader asks a learned, wealthy, successful
trader, “How can I end up with a million dollars in the stock
market?” The old trader scratches his head and after some thought
says, “Start with $2 million.”
I was having trouble figuring out how to start this chapter and therefore
this book, until I was listening to a New York Mets game in my car last
week. During a rain delay the announcer, Steve Somers, was talking
about Pedro Martinez, a three time Cy Young award winner, and for those
non-baseball people, that means he was the best pitcher in baseball for the
year. Somers was talking about how good a pitcher Pedro is and how he
has been able to adjust due to injuries and age, as well as how he can adjust
to batters in a game. He was saying Pedro has many different game plans,
and he can easily switch them once he is in a game. This ability to know
what is and isn’t working is what makes him one of the most dominant
pitchers in baseball.

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