- Jerremy Alexander Newsome So last week, I went SNOWMOBILING! And it was super epic. But while I was there, I noticed some glaring similarities to the profession we all know and love. I took some mental notes. Here you go!
Snowmobiling and active trading may seem like two completely different activities at first glance, but upon closer examination, they actually have a lot in common. Here are 7 ways that snowmobiling is exactly like active trading:
Both require knowledge and experience: Just like active trading requires knowledge of the markets and experience in making trades, snowmobiling requires knowledge of the terrain and experience in maneuvering a snowmobile. Without these skills, both activities can be risky and lead to costly mistakes.
Both involve risk: Active trading involves taking calculated risks in order to generate returns, while snowmobiling involves taking risks in order to navigate through difficult terrain. Both activities can result in significant losses if not approached with caution and a sound strategy.
Both require quick decision-making: In active trading, decisions must often be made quickly in order to take advantage of market movements. Similarly, snowmobiling requires quick decision-making in order to navigate through changing terrain and conditions.
Both require the right equipment: Active traders need access to the right trading platform and tools in order to make informed decisions and execute trades quickly. Snowmobilers need the right equipment, including a reliable snowmobile, appropriate clothing, and safety gear, in order to safely navigate through different types of snow and terrain.
Both require preparation: Successful active traders spend time researching the markets and analyzing data before making trades. Similarly, snowmobilers must prepare by checking weather and snow conditions, planning their route, and ensuring that their equipment is in good working order.
Both require discipline: Active traders must exercise discipline in order to stick to their trading strategy and avoid impulsive decisions. Similarly, snowmobilers must exercise discipline in order to stay focused on the task at hand and avoid taking unnecessary risks.
Both can be exhilarating. Finally, both active trading and snowmobiling can be incredibly exhilarating. The rush of making a successful trade or navigating a difficult section of snow can provide a sense of accomplishment and adrenaline that keeps traders and snowmobilers coming back for more.
You should have a really great instructor. This part made me laugh a lot. The machines we had turned on 1 of 2 ways. A pull cord (think old school lawn mower) or a SIMPLE turn of a key. One took 2 seconds, one took 7 seconds, and serious physical arm strength. The instructor (for some reason) REALLY sold everyone on the pull cord. Maybe that is what he was taught? Maybe that was the safest for him? I can only imagine WHY he chose the pull cord on the way to start a snowmobile, but I used the key. It led me to ponder, what else in life are we making hard that should be really easy?
In conclusion, snowmobiling and active trading may seem like vastly different activities, but they share many similarities when it comes to the skills and mindset required to be successful. Whether you’re hitting the trails or trading the markets, a sound strategy, discipline, and a willingness to take calculated risks are essential for achieving success.
I said this on TWTR earlier today. Active Trading isn’t for everyone. Granted, everyone should TRY it, but not everyone will succeed. Long-term investing IS for everyone. ALL walks of life should be long-term investors.
Should everyone try snowmobiling? Absolutely. If you haven’t done it, find a way! I’ll attach some videos and pictures of 2 recent trips that I’ve taken, which changed my life in many beautiful ways since this was my first-ever experience!