The Icarus Deception as it Relates to Trading

In The Icarus Deception, Seth Godin talks about the idea that we must not be afraid of flying too high. He suggests that we should be more concerned with avoiding flying too low.

For many stock traders, the goal is just to keep pace with the general market, but what kind of life is that? It's never going to get you ahead! The goal should be to dramatically outperform the market. The goal should be to do something great. Of course, this means that we also have to embrace the possibility that we might not be successful.

As the book unfolds, we will have the opportunity to apply concepts like the possibility of failure and creating art to our trading approach.

Avoiding the Crowd Mentality Trap

crowdmentality

"Seizing new ground, making connections between people or ideas, working without a map - these are works of art, and if you do them, you are an artist, regardless of whether you wear a smock, use a computer, or work with other all day long." -Seth Godin One of the reasons that I really like The Icarus Deception is that it challenges you to think about art in a different … [Read more...]

Is Your Trading Flying Too Close to the Water?

duckfriends

"It's far more dangerous to fly too low than too high, because it feels safe to fly low. We settle for low expectations and small dreams and guarantee ourselves less than we are capable of. By  flying too low, we shortchange not only ourselves but also those who depend on us or might benefit from our work. We're so obsessed about the risk of shining brightly that we've traded … [Read more...]

Stop Reading Books About How To Trade!

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"This book revolves around a simple assumption on my part: that you know how to be human and how to make art. we don't need to be taught to make art, but sometimes we need permission to do so. Following instructions is overrated." -Seth Godin One of the most popular traps that many traders fall into is the idea that they have to keep reading books about how to trade in … [Read more...]

This Is About More Than Just Profitable Trading

kids

"A revolution is here, our revolution, and it is shining a light on what we've known deep down for a long time - you are capable of making a difference, of being bold, and of changing more than you are willing to admit. You are capable of making art." - Seth Godin This blog had evolved right along with me over the past few years. It started as a way for me to track my … [Read more...]

The Icarus Deception as it Relates to Trading

icarus

"They promised trinkets and prizes and possibly riches if you would just suck it up and be part of the system, if you would merely do what you were told and conform." - Seth Godin I'm not really sure what anyone else thinks, but I'm thrilled with the way that my posts based on Steven Pressfield's The War of Art are progressing. The book has provided me with a guide for … [Read more...]