July 2011
Intermediate to advanced
256 pages
6h 39m
English
Chapter 29
Shrinking from Opportunity
Opportunity is all around us. True, there are occasions when it is challenging to locate it when conditions have changed or the supply has temporarily shrunk and the competition for finite resources has dramatically increased. But, even in the worst of circumstances, opportunity is always there to be found. Since a trader’s success depends upon finding opportunities and maximizing them, the problem is serious if he or she loses the ability to identify and pursue opportunity.
As time passes, traders often shrink from opportunity. The main reason is that people tend to dislike change. When we are younger, change is frequently linked to fun, excitement, and reward. However, over time, we eventually experience enough pain through change that we come to associate change with pain rather than opportunity. As we age, our brain works harder to keep us in an increasingly smaller comfort zone while protecting us from change and the possible opportunities and/or pain that come with it.
