Play Chess not Checkers
Thinking Ahead and Playing the Market like Chess
Trading is like a game of chess
“Trading is like a game of chess. You must think ahead and know what your next move will be before making your current move.”
– Alexander Elder
Play chess not checkers… Everyone else is reacting and jumping when the market says so.
Today think about anticipating not reacting. Where could price go? How could it get there and how can you position to take advantage of that?
If you want to dive deeper into this topic, I also did a podcast episode that breaks this down further.
The Chinese Bamboo Tree
I wanted to share a short story about the Chinese bamboo tree. This remarkable tree grows differently than most trees, and the lessons it teaches us about faith, patience, and persistence are truly inspiring. I think it’s a great reminder for all of us to keep watering and believing in our dreams, even if we don’t see immediate results.