Sunday, March 13, 2011

training in baseball vs. trading

source: http://www.smbtraining.com/blog/spring-trading

"Phillies slugger Ryan Howard, for example this morning, pointed out that  while it is good  for rookies to listen to the overabundance of  advice that they will get from coaches and teammates on how to correct flaws in their batting style,  at the end of the day  the player has got to find out the style that works best for HIM and work to improve that everyday."


"Phillies star pitcher Cole Hamels the other day was recounting a spring training  outing in which he    struggled in the first three  innings  and began to defeat himself by focusing on the number of runs he had given up and a few pitching errors that the opposing team exploited.  Then in the fourth  inning he decided to simply  focus on “just making one good pitch at a time” and he settled down and pitched very well for the rest of  his stint.  At  SMB we preach the concept of following  ”one good trade” with “one good trade”  repeatedly to our traders as the key focus in each trading day, tuning out the result of our most recent trade (whether positive or negative)  and working to simply make sure that  THIS TRADE   meets all of the characteristics that we define as a high quality, well executed and  well conceived trade." 


"...Halladay runs up and down the steps of the stands  each day as a workout regimen that he has personally  adopted.  Here’s a guy who could easily rest on his laurels as the best pitcher in baseball but instead he chooses to be the hardest working player on the team. I have no doubt that  he’ll have another great season.  And as readers of our blog know, there is no getting around the hard work and preparation  necessary to succeed at trading. Trading, while  a blast, is in fact very difficult to master. Without hard work and preparation,  we have found that no trader has a shot at being consistently profitable–just like great baseball players." 

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