Blackberry picking
Went out with the children this weekend to gather berries. At this time of year mother nature provides a feast right on your doorstep and it’s missed by many people. We gathered a whole variety of fruit from local ‘common’ areas, popped them in boxes, took them home and made some pies and crumbles. It’s something I’ve done as long as I can remember.
While advising the children which fruits to pick I realised that it’s not unlike participating in any market. You are never under any obligation to take a position in market. You are also under no obligation to be right every time. Therefore you know that there are good and bad opportunities. You also know that if you skip the current ‘opportunity’ then it is likely another one will be nearby. So if you are not sure, there is nothing wrong with just doing nothing. Unfortunately many people can’t.
There are tens of thousands of betting markets each year that pass in front of your eyes and many opportunies that come and go in each one. Picking and choosing ones that are ripe, makes more sense than ones where you can’t see a clear opportunity. If you look hard enough, or wait long enough, then a clear opportunity will appear without you doing a thing. Trying to make the best out of everything in front of you often means you don’t do a good job. Of course, part of the skill is spotting the opportunity, but the more berries you taste the quicker you will know which ones are ripe and which ones to avoid.
So there you have it, go pick some berries.
You don't have to pick and try to eat unripe ones!
Category: Trading strategies
