So i’ve been reading more of the ‘4 hour workweek’ book and it’s thrown up some interesting stuff, the 80/20 rule i found particularly interesting.
But it hints at asking yourself the question more regularly – ”Are you being productive? or just active?” the reason being so true in my opinion. The whole world seems to be stuck in this archaic way of thinking that the world shuffles papers between 9 – 5 and work is done, when really the majority of people at work be it for someone else (probably more so) or themselves are generally just keeping active in that slot, 80% of the things they do not even being productive!
On a more personal level i think this even applies to my trading, i may only trade several hours a day but even in that time i find myself stuck in the same loop of 2pm – 5.30pm is racing time and i will sit here and trade every single race. Now its not necessarily wrong to be trading for the whole time frame but i find a lot of the time in the markets (probably more the losing ones) im just being active and not actually applying myself efficiently or productively, its too easy to sit here and go to the next race and trade it without looking at all the relevant information. I still profit the majority of the time although its not at maximum efficiency!
So for that reason i’ve now got it written on a post it note and am going to ask myself as many times possible each day this question, preferably before every race!!
Also it made me think about the greyhounds trading, while i can consistently pull some extra cash each day which adds up for the time i spend its really probably not worth it in comparison to other things and doing as i wish with my time! So i’ll probably just stop the dogs altogether, recently instead i’ve been looking at the moves i can find the morning of the racing prior to the start…. don’t want to tempt fate but i haven’t had a looser yet!! the biggest move was from 3.8 in to 7.2!!!! all selections i’ve been putting on twitter so far when i open them and if i scale them out any earlier, if you like follow me on the left or search me! – @CaanBerryTrader