Jun. 5, 2009
TraderFeed: Trading Lessons From Ted Williams
“3) Seek Success, Don’t Just Avoid Failure - In 1941, Williams went into the final game of the season with a batting average of .3996. His coach knew it would be rounded to .400 and offered to bench Williams to preserve his average. Williams insisted on playing, went 6 for 8 in a doubleheader, and finished the year with a historic .406 average. Recently I worked with a trader who was up by a very solid five figures late in the session. He saw an idea at the end of the day, put on size, and meaningfully added to his day. He was driven by a desire for success, not just an avoidance of loss.”