Monday, January 22, 2007

Be Like Water My Friend

Empty your mind
Become formless, shapeless
Like water
Put water in a cup, it becomes the cup
Put water into a bottle, it becomes the bottle
Put water into a teapot, it becomes the teapot
Now water can flow or it can crash
Be like water my friend

--Bruce Lee

If you guys haven't figured it out already, I am a huge Bruce Lee fan. In fact, I've patterned much of the way I live my life from his teachings. He was more than just a fighter, he used martial arts to convey his life philosophy. A philosophy that, if applied correctly, can make you a success in any field.

Lee's famous "be like water" quote is an apt tenant for successful traders. Brett Steenbarger, in his excellent book "Enhancing Trader Performance", stresses how important it is for a trader to be able to adapt his strategies to different markets and continually, even obsessively test different methods. In essence, to become an expert you must become water; a formless, shapeless entity able to adapt to her changing surroundings.

Today may have been a tipping point, as the market is giving clues that a change may be coming. If the clues prove to be correct, will you stick with what's worked over the past few months, or will you take Bruce Lee's words to heart, and become like water?

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