Today I’m offering something appropriate to commemorate the 200th anniversary of the births of Abraham Lincoln and Charles Darwin.
Trading the markets is truly a business in which only the fittest can survive over the longer term.
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.”Charles Darwin
“I claim not to have controlled events, but confess plainly that events have controlled me.”Lincoln, in an 1864 letter.
“An American Monkey after getting drunk on Brandy would never touch it again, and thus is much wiser than most men.” Darwin
” A house divided against itself cannot stand.“Lincoln, 1858
“The very essence of instinct is that it’s followed independently of reason.” Darwin
Traders must understand this.It’s far better to use your mind when making trading decisions than to trade by instinct.Using your experience to make quick decisions is not trading by instinct.