Tiger Woods - The Worlds Best Trader? - Part 2

I find inspiration from all areas of life and Tiger Woods is one of my biggest inspirations of all time. 

In case you missed the first part of my article about Tiger, you can read it here.

I have taken some quotes of Tiger Woods and then follow it with my thoughts about his comments and how they relate to trading.

Tiger says…   "Stay present.  Live in the moment."

My thoughts…  Many traders spend so much time regretting the bad trades they made in the past that they now spend all their time worrying about what may happen if they take the next trade.  As a result they have a lot of trouble taking the trade due to  a full blown case of paralysis analysis.

 Just take a deep breath, clear your mind and put all your focus on the current trade.  That's all you need to do stay in the present.


Tiger says…   "Release the past. Each moment is new."


My thoughts…  The bottom-line is leave your old trades in the past and don't think about what might happen in the future.  Just stick to trading your system and folowing all your rules.


Tiger says…   "Always aim higher. Reach for your potential."

My thoughts…   No matter how good you are at trading  you can always get better and that's the exciting part.

Keep striving to set new records. 

If your best week to date is $500 profit, see if you can hit $600. 

If your personal best is 8 winning trades in a row, then shoot for nine.

 By aiming higher, you will maintain a much sharper focus which will in turn make you a more profitable trader.


Tiger says…  "Always give your best effort."

My thoughts…   There will be days when you have a string of losses.  Don't be discouraged and give up.  Instead decide to step up to the plate and give it all you got.   This will help get you back in the groove and on your way to more profitable trading again.


Tiger says…   "Listen to your inner voice. Follow your hunches.   People thought it was asinine for me to change my swing after I won the Masters by 12 shots. …  Why would you want to change that?  Well, I thought I could become better.  If I play my best, I'm pretty tough to beat.  I'd like to play my best more frequently, and that's the whole idea. That's why you make changes. I thought I could become more consistent."

My thoughts…   I can't stress it enough, as Tiger says, listen to your inner voice.  If you feel tired or just not into trading then listen to yourself and take a break.  If you get a huge feeling in your stomach to stay out of the market, then do it.  Once you get in the habit of listening to and trusting your intuition you would be amazed how it will help your trading.


Tiger says…   "Don’t take yourself too seriously.   If you can't laugh at yourself, then who can you laugh at?"

My thoughts…  

Listen, trading is serious and you can lose a lot of money when you are not careful but… 

When you make a really silly mistake step back and have a bit of a laugh about it.  Chances are if you saw your buddy do it, you might have a bit of a chuckle.  The bottom-line is, your still alive and have the health to take another trade. 


The world according to Tiger:

• I smile at obstacles.
• My will moves mountains.
• I am the toughest golfer mentally.
• I will do it with all my heart.

My thoughts…    Apply the 4 principles just described by Tiger and you will move mountains not only in your trading but personal life as well.

Peace & Prosperity!