In London
Do you remember the Fifa World Cup final, Italy versus Germany, in 1982? In Madrid?
I do. I was in London at that time and I was watching that final play with some Italian friends and with some guys from other countries, and they were supporting Germany but we had a really nice evening.
I went back to London on other occasions.
I traveled around London, I enjoyed that, I love, I love London, definitely.
What happened?
And many years later, I went back to London with two friends.
We were on a trip, and one of these friends purchased a map, and I said: why are you purchasing a map?
I’ve been to London several times, I will be your guide, I know everything in London, why?
It’s outrageous you’re buying a map.
He said: Listen to me, I think a map can be useful!
Ah, bullshit, sorry!
And we started our visit, and all of a sudden, I realized that I wasn’t able to tell them anything.
I knew well which were the very important places in London to visit, but I was not able to organize a visit.
I wasn’t able to know what should come next, what should come first, I was a complete disaster!
I was convinced to know everything about the city, but I didn’t know really anything at all.
So, in the end, the map of my friend Marco was very very useful, so me, Marco and Dario, that was the third friend, went through London following his map.
What does trading have to do with it?
So, why do I tell you this?
Just to recap of the victory of Italy in the World Cup?
No, no, the point was that, on that occasion with my friends, I overestimated my knowledge and my skills in guiding them through, throughout London, and the same can happen in trading.
Sometimes we believe we have skills and knowledge in some parts of trading which will make us able to make profits out of the markets, but in reality we don’t have them, and the result in that case is not to rely on the map of Marco but to lose money in the market.
Overconfidence and a distorted view of our skills can be really dangerous.
So, what should we do?
We should assess our skills, we should concentrate on where we are and how we are really, in comparison to what there’s to do in the market.
How can I help you?
To do so, you can do it alone or, if you prefer, you can see if we can help you, and you can book a free call with one of our tutors.
It’s about 45 minutes of call, and the experience of our tutors can certainly help you in order to clearly see your position in trading, and to see if, for any reason, we are a good match and we can help you in achieving your goals.
It’s free, you can really find 45 minutes for yourself to dedicate to your goals in trading.
Book a call!
Our tutors are there to help you, and maybe, you can get what you are looking for.
Ciao from Andrea Unger!
