…your years of hard work finally paid off, you discovered your Holy Grail of a trading system, and your trading became so consistently successful that, with the compounding effect, your future income was virtually unlimited?
..you won the Powerball?
…everything you ever thought you wanted was suddenly available?
What would you really do?
This is a post title I’ve had collecting dust for years (unfortunately, every time I say “What Would You Do” I keep hearing that crazy song from Team America in my head). I guess it’s about time I tried to get this stuff onto paper, or pixels.
No sooner have I attempted to put pen to paper, however, than the post starts turning into a novel, as have so many ideas I leave on the back burner for too long. So the article itself will be separate, much longer, and may require that you ingest a good stimulant if you want to read all the way through it.
This post is more of an introduction.
The idea and the urge to write the article (novel) were brought back to the forefront of my ever-fading attention over the past week or so by a few things: one was a post by Bass Ackward Trader over at Move the Markets called Simple Question, which reminded me of the Schadenfreude phenomenon.
Another was a great email I got from a reader in Germany, suggesting I host a StrategyDesk Backtesting Contest, where I answered that I doubted anyone who had developed a really, really successful strategy would be eager to share the details publicly, although as you know, many of us exchange ideas regularly via email with each other. And as I wrote that note, I remembered the post I needed to compose.
Finally, a recent comment by Brett reminded me that I still owe everyone the results of that big backtesting study I did back in the Spring and Summer, which permanently changed the way I trade. With those changes, and the potential positive effects they might bring, I had to revisit the motives behind my trading once again, which- you guessed it- brings us back to that darned novel.
Where will I be going with the article? Here’s a teaser: I was at a good friend’s house for supper a year or two ago. This friend and his wife have the uncanny knack of inviting me to supper out of nowhere, just at a time when I need it most (the company, that is, although the food is excellent as well).
There were only a few of us there (as usual), and the subject of winning the lottery somehow came up. One guest hesitated, and when my friend’s wife asked him, “You would want to win the lottery, wouldn’t you?”, his reply was “Not Right Now.”
Silence. “Why not??”
Because I don’t think I’d like the person I’d become if I had that much money right now.
I’ve never forgotten that conversation, and that statement which struck me so deeply, and I wonder where that guy came up with it sometimes when I see him looking back at me from the mirror.