It’s surprisingly similar, and perhaps if you think of your ‘strategy’ in relationship terms, you might improve your performance, one thing is for sure, neither love nor trading is for the feint hearted.

Be prepared to be disappointed

You lock eyes on the perfect partner or trade, in that moment you are certain, completely certain , that it can only go one way, the way that every ounce in your body is telling you; it going to be profitable (emotionally or financially, these could work for both). But things happen, sentiment changes, and what started so promisingly, turns sour; you’re ‘stopped out’ blubbing into your skinny decaf soy latte (stop drinking those btw)

It’s unpredictable

Fate is overrated and an overworked ideal, it’s for ‘others’ that struggle with responsibility of taking charge of their own destiny. The only certainty in the world, (this covers more than our two protagonists) is that nobody really knows what’s going to happen in the next hour, day, or week. It’s more random, a stochastic walk that could go your way; though what is certain is that you can’t trade and win unless …..Well you are trading…

No respect

But following on from my previous point, these two bedfellows are powerful forces, if you don’t show a considerable about of respect they are likely to catch you out. Being ‘in the market’ for either means that you could lose something precious.

But when it’s good….

It’s not all doom and gloom of course, there will be times when your spirit will soar, you can’t keep the smile of your face; it’s passionate, seductive, heart racing, pulsating….the adrenalin junkies ultimate high. When it’s good, it’s very good.

Are you serious?

So if you are serious about love and trading, a little thought goes a long way. Gut instinct alone, for both, works only for George Soros and George Clooney respectively.

Which one are you?

For those of you who you think you are George Soros (or Clooney) here’s the test:
For Soros: Are you worth over a billion (Dollars, Euros, Pounds any will do), does Goldman Sachs follow your trading in the markets?
For Clooney: Does literally everyone on the planet love you (that’s men and women), can you put your name to a tequila brand, do no work at all, and then sell the company for a billion?

I would very much appreciate hearing from you if you can answer yes to either, if you can answer yes to both, please accept my invitation to dinner, so that I may learn the ‘secret’ myself.

Patrick Latchford
Patrick Latchford
Patrick Latchford is the CEO of Blackwell Global Markets (UK) Limited, and has spent over twenty years managing businesses in the derivatives industry. In this blog, Patrick will occasionally post his thoughts on a broad range of subjects and see how they relate to the complexities and mysteries of the financial markets in general, and in trading these markets , in particular. His hope is that they provoke, stimulate, or act as light relief to the essential intensity that is our world of trading the world’s financial markets.
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