My wife and I went to a concert over the weekend. She’s always on the lookout for live music to go to, mostly at a storied local venue called the Cat’s Cradle.
The band we saw was Palmyra, and they were great – fantastic energy, a cohesive set, and all-around fun to watch. They were very polished.
Partway through, the lead singer shared a little about their background.
And it became very clear how they had become so good.
They have been touring for FOUR STRAIGHT YEARS.
When they started, they played on the road in any place that would let them to play.
Imagine their process – all the mistakes, all the crowd reactions, all the tweaks to their performance and songs over time.
They put themselves in a position where they were forced to get better – with that much practice, how could you NOT get great?
Now imagine two traders.
One is talented but reviews their performance every once in a while when it’s convenient.
The other isn’t as talented, but meticulously reviews his trades every day, constantly brainstorming ways to get better and improve his strategies.
Which trader do you think will be better?
What about after four years?
-Dave
