I once read a quote "Life is like a game of chess. We should first look at all possible strategies & moves and then make the best possible move, but importantly keep our escape routes open at all times." It is a very smart quote.
It reminds me of Abhimanyu and Chakravyuha.
I remember an anecdote I read which went like this. Once a reputed surgeon was asked why a medical student required such a long education, usally lasting 5-8 years. The surgeon replied, I only need about a year to teach students how to transplant the kidney but to teach them how to handle things "when things goes wrong" I need that long time.
It is usually found that bulk of the knowledge learnt is never used, the are but reserves for the times "when the things go wrong". Because of this man a times, we feel that for the work & the acivities we do, a simpler amount of education and experience would be sufficient. But it is when the unexpected happens, does the real differece between the amateurs and the professionals come to surface.
Like an iceberg, our main task or role in any field is not what we are doing, it is jut the "tip"; but the real matter is in the role/ activities we will have to take on at the times of stress, difficulties and "when things go wrong". Like an iceberg, what we see is not the full picture.
It is easy to wager and get into a position. But that is more important is to have the plan and ability to get out of the position. Getting into a position is just the "tip". The real test of skills comes up "when things go wrong". The escape route or the exits in trading are as important it is in life's strategies.
:) Falkor
It reminds me of Abhimanyu and Chakravyuha.
I remember an anecdote I read which went like this. Once a reputed surgeon was asked why a medical student required such a long education, usally lasting 5-8 years. The surgeon replied, I only need about a year to teach students how to transplant the kidney but to teach them how to handle things "when things goes wrong" I need that long time.
It is usually found that bulk of the knowledge learnt is never used, the are but reserves for the times "when the things go wrong". Because of this man a times, we feel that for the work & the acivities we do, a simpler amount of education and experience would be sufficient. But it is when the unexpected happens, does the real differece between the amateurs and the professionals come to surface.
Like an iceberg, our main task or role in any field is not what we are doing, it is jut the "tip"; but the real matter is in the role/ activities we will have to take on at the times of stress, difficulties and "when things go wrong". Like an iceberg, what we see is not the full picture.
It is easy to wager and get into a position. But that is more important is to have the plan and ability to get out of the position. Getting into a position is just the "tip". The real test of skills comes up "when things go wrong". The escape route or the exits in trading are as important it is in life's strategies.
:) Falkor
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