This post draws on the writing and ideas of several people I admire like Steven Pressfield, James Altucher and Seth Godin. Now these guys aren’t traders but they are all in the vanguard of throwing out assumptions and old ways of doing things to embrace the creative potential of the digital world we live in… Steven and Seth are both particularly obsessed with ‘shipping’.
Here are some random quotes from these guys…
Amateurs do it for love, professionals do it for money…
Our habits, our practices make us professionals…
There is no perfection – you must ship!
This boils down to the delivery of the product which, although imperfect, will do the job and deliver what the customer is looking for from it.
So, ladies and gentlemen, all you awesome people who have followed this ‘learning spread-betting’ blog… It is indeed time to ship.
This means accepting that while I do not know everything about trading I have finally got to the point where I know enough not to be a danger to myself in the markets.
The observant may have noticed that the ‘tag line’ for this blog has now changed to ‘trading well every day’ since that is my new aim.
What this means is that the hard core ‘learning’ (and not so much doing) phase is over to be replaced with a different structure and a practice that focusses on treating this endeavour as a business rather than a hobby.
Now before anyone freaks out too much this does not mean I’m going to jack my job and rely on my teeny, tiny account to fund my life. It will indeed be at least another 18 months before this is even remotely possible.
However this shift in focus will mean that I will be spending a lot more time approaching what’s going on in the market every day, rather than what currently happens now which is very, very ad-hoc. Avoiding doing something ’cause you don’t feel like it’ isn’t good enough.
I’ll try to explain the difference… Hobbies are very ‘as and when’ whereas doing a job (doing the work) means showing up on time, doing the same thing each day and taking it seriously.
Re-framing this to a ‘running a business’ context is also very beneficial mentally because the money now belongs to the business and it de-personalised from me/my emotions. Business require proper records (record keeping) accountability and analysis. Ideas and expenses need to be funded by the business and not any other way. I hope I’m getting a point across about bringing a level of rational structure to the table.
I guess I uncovered a ‘gap’ between what I’ve been doing recently and what I need to do to really take this forward over the long term. Maybe this was down to laziness or fear or simply caution in the face of a whole bunch of unknowns… anyway this state can’t be sustained forever. I can put what I’ve learned and observed into practice or I can stagnate and quit.
This post is me trying to describe an internal mental shift I’ve made 😉
It’s time to cross the gap, to ship, to focus on the process every day, every day, every day and go forwards in a professional manner.
Or as the Muppets would say…