The Crosshairs Trader Blog

THINKING OUTSIDE THE CHARTS.

You are driving down the road in your car on a wild, stormy night,
when you pass by a bus stop and you see three people waiting for the
bus:
1. An old lady who looks as if she is about to die.
2. An old friend who once saved your life.
3. The perfect partner you have been dreaming about.

Which one would you choose to offer a ride to, knowing that there
could only be one passenger in your car? Think before you continue
reading.

This is a moral/ethical dilemma that was once actually used as part
of a job application. You could pick up the old lady, because she is
going to die, and thus you should save her first. Or you could take
the old friend because he once saved your life, and this would be
the perfect chance to pay him back. However, you may never be able
to find your perfect mate again.
YOU WON’T BELIEVE THIS…………………

The candidate who was hired (out of 200 applicants) had no trouble
coming up with his answer. He simply answered: ‘I would give the car
keys to my old friend and let him take the lady to the hospital. I
would stay behind and wait for the bus with the partner of my dreams.’

Sometimes, we gain more if we are able to give up our stubborn
thought limitations. 

And the lesson for traders?  Our stubborn thinking about what the market ought to do or should do can keep us from seeing what the market is doing.

Never forget that it may be best to get out of our own way and “think outside the charts.”  In so doing, we may just be able to find the best answer among several difficult choices.

Thank you to my friend, Johnny, for the story in this post.

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