In baseball the best hitters are disciplined enough to wait for the best pitches only before they swing. The best hitters are picky and have developed the ability to know what the best pitches are and wait for them. Regardless of physical strength the true success of hitters in baseball comes from the ability to not swing at bad pitches. Great hitters have learned to only swing when the odds of success are in their favor. Traders can learn much from great baseball players on how to wait for the fat pitch.
“Baseball is the only field of endeavor where a man can succeed three times out of ten and be considered a good performer.” – Ted Williams (Trend traders profitability come from big winners and small losers not winning percentage).
“Never let the fear of striking out get in your way.” – Babe Ruth (Entries with an edge have to be taken regardless of the fear of losses).
“Did they tell me how to pitch to (Ted) Williams? Sure they did. It was great advice, very encouraging. They said he had no weakness, won’t swing at a bad ball, has the best eyes in the business, and can kill you with one swing. He won’t hit anything bad, but don’t give him anything good.” – Bobby Shantz (The best traders are very picky about their entries).
“There’s only one way to become a hitter. Go up to the plate and get mad. Get mad at yourself and mad at the pitcher.” – Ted Williams (The will to win is the fuel that makes you a winner).
“I’ve found that you don’t need to wear a necktie if you can hit.” – Ted Williams (The best traders in the world do as they please).
“Hitting is fifty percent above the shoulders.” – Ted Williams (Trading is a mental game more than a math game).
“Every strike brings me closer to the next home run.” – Babe Ruth(Taking small losses in a robust system gets you closer to the big winning trades).
“When you’re in a slump, it’s almost as if you look out at the field and it’s one big glove.” – Vance Law ( All traders must get through losing streaks and overcome setbacks).
“Good pitching will beat good hitting any time, and vice versa. “- Bob Veale (Great risk management will beat great entries in the long term).
“It’s hard to beat a person who never gives up.” – Babe Ruth (If a trader has made up their mind to be successful only time separates them from their goals if they are willing to do whatever is needed for success).