What traders and investors can learn from surfers

in #surfing4 years ago

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  1. Take classes to learn how to read waves, paddle into a wave and how to
    take off - Educate yourself

  2. Study the weather forecast before heading out to surf - Study the
    forecasts

  3. Surfing is not something you learn in 1 day - Enjoy the learning curve

  4. Be patience for the right waves - Patience for the right trade

  5. If the wave comes, the one who takes off it closes to the break, has precedence. Not everyone can ride the same wave - Don´t fear missing out

  6. Knowing how to fall and to protect yourself if you get wiped out - Use stop losses

  7. Reflect on why the wave wiped you out - Reflect on your strategies

  8. If the wave, you caught, comes to close to the beach, get out. It is not worth risking injuries and damage to your board - take your profits on time