Next in importance to having a good aim is to recognize when to pull the trigger.
Finance is a gun. Politics is knowing when to pull the trigger.
Ideas pull the trigger, but instinct loads the gun.
I learned a long time ago that there is something worse than missing the goal, and that's not pulling the trigger.
It is far more important to be able to hit the target than it is to haggle over who makes a weapon or who pulls a trigger.
Many people have the right aim in life, they just never get around to pulling the trigger. The vision must be followed by the venture. It is not enough to stare up the steps -- we must step up the stairs.
I don't regret pulling the trigger. I should have been more careful with many of the things I said afterwards. That was a big regret.
This is like playing Russian roulette with a Luger rather than a revolver. One bullet, one chamber - and we're pulling the trigger.
Successful trading depends on the 3M`s - Mind, Method and Money. Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets. Each trader needs to have a method for choosing specific stocks, options or futures as well as firm rules for pulling the trigger - deciding when to buy and sell. Money refers to how you manage your trading capital.
While I was thinking about that, the military, I read a book called On Killing, about the obstacles people have to pulling the trigger in combat. So sometimes you just absorb all this stuff without realizing you were doing research.
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