Tue 15 Apr 2008
Potential and Capability
Posted by ray under Miscellaneous
Back in Singapore after the Mumbai trip.
A short entry tonight; I’ll reply to all the comments tomorrow. Tonight, I’d like to comment on a question that was asked of the panel (see Figure 1): Can anyone be a trader?
One of the panel replied in the negative. The panelist argued that not everyone has the temprement to become a trader. I disagree. I think the answer confused potential with capability.
I believe that everyone has the potential to be a trader -just as everyone has the potential to be a marathan runner, golfer, tennis player etc. However not everyone is willing to put in the hours, application and money to achieve the measure of success they want. But that doesn’t mean that they don’t have the potential to achieve their desire if they are willing to pay the price. Of course, not everyone can be a Buffett or Sekoyta. But that doesn’t mean that they cannot be profitable - IF they are willing to pay the price and do whatever is necessary to succeed.
Figure 1 Mumbai Panel
April 16th, 2008 at 7:39 am
As I was invited to attend the ATIC at Mumbai, I too was present at the Panel of Speakers for Q&A.
Time alloted for questions from the floor was very limited and I was unable to put in my tuppence worth.
Any one who has the passion and discipline can do almost anything from my personal experience; a priori, one can be a trader but to be a master trader is another kettle of fish.
April 16th, 2008 at 5:37 pm
I share your view completely. Anyone can learn to trade to some level of success. It takes time and effort and dedication, though, just like anything else worth doing. I wrote about that in my own blog the other day (Good Trading Doesn’t Happen Overnight).