Trading Wisdom From An Improv Book


“A good improviser is someone who is awake, not entirely self-focused, and moved by a desire to do something useful and give something back and who acts upon this impulse.”

-Patricia Ryan Madson

She could just as easily be describing a trader.

Patricia Ryan Madson’s book Improv Wisdom has been sitting on my desk for about two months. I can’t remember who it was that recommended it. I think it was either Seth Godin or Steven Pressfield, but that doesn’t matter.

Whoever recommended it suggested that it has a broader appeal than simply improving your skills as an improv actor. It has the potential to be a tremendous benefit to all kinds of artists, and I like to think that traders are one of the most interesting types of artist.

My intention was to read the book on vacation and then decide if it was worth doing a post series applying it to trading. But in the spirit of an improv artists, I thought it might be fun to just jump into it, not knowing whether or not it would come off well.

As traders, we are forced to improvise on a daily basis as the prices of the markets we trade are constantly changing. We have to show up everyday, take whatever the market throws at us, and then do something productive with it.

When you break it down like that, a little bit of advice for how to handle situation that require you to improve could potentially be way more valuable than reading another book about trading.

Let’s find out……….

Photo Credit: TheeErin via Compfight cc