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Comments:

"Luck is what happens when preparation meets opportunity"


Posted: 02/19/10

By: tomgrisafi

2280

There are a few "sayings" that bounce off the walls on a consistent basis here at Indiana Grain. Such as: "You Have to be In It to Win It", "I am not here to save money, I am here to make money", and "Luck is what happens when preparation meets opportunity".

Post-9/11, another term that has found its way into the trading industry is "if a plane goes through a building". Never to make light of a terrible situation, but the point is to be aware at all times.

Not only did a small plane hit a building during yesterdays afternoon trading session, we also had a surprise discount rate hike by the Fed.

Being a successful trader is not about getting lucky, or being in the right place at the right time. Rather, its about doing your due diligence, being prepared, and for lack of a more articulate term, you have to be "in it to win it.

Bottom line.

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4 Comments

Guest

Posted: 02/19/10

Great point. Only loosers believe that the winners are lucky.

Guest

Posted: 02/19/10

Cannot make money sitting on the sidelines.

Thomas Grisafi

Posted: 02/19/10

I noticed in todays modern trading world you get what you pay for.

Guest

Posted: 02/19/10

Shit in one hand, wish in the other, and see what fills up first.

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