Avoid Getting Run Over By The Double - Decker Bus

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Manage episode 152573501 series 1063725
על ידי Joshua Belanger התגלה על ידי Player FM והקהילה שלנו - זכויות היוצרים שמורות למפרסם, לא ל-Player FM, והשמע מוזרם ישירות מהשרתים שלכם. הירשמו כדי לעקוב אחר עדכונים ב-Player FM, או הדביקו את כתובת העדכונים באפליקציות פודקאסט אחרות.
Every afternoon I take a break during lunch and head over the Starbucks on Rush St. here in Chicago. Without a doubt, this is one of the nicest Starbucks I have ever seen. It's two floors, and I love to sit outside on the second floor, drink my coffee and listen to a podcast. The area is a tourist hot spot because of the shops on Oak St. Every day, I see several double decker buses and sometimes the people on the top of the bus will wave at us while they are taking in all of what Chicago provides. Two days ago, I heard about a tragic story on the news. A bicyclist was killed a few blocks from that corner who had just gotten off work as a messenger. He was hit by one of those very same double-decker buses I see every day. People at the scene who saw this occur around 6 pm said they saw the bicyclist run through two red lights. The second being the fatal. What a sad situation to occur and a reminder that tomorrow isn't guaranteed. You've probably heard that saying in investing or trading, don't get hit by a bus. I imagine it's the same thing said if you're a bike messenger. If it is true, the bicyclist gambled by running two red lights and broke the most important rule, don't get hit. Many investors or traders do something similar with taking on too much risk with one position. The market is the double decker bus, and you're the bicyclist. Your primary goal is not to get hit and taken down. While investing isn't life or death like this situation, it's a great reminder on how we can't let one trade take us down. If you want to learn how to avoid the bus in the market, then this book is your best first step. http://www.FearlessInvestingWithOptions.com To your wealth, freedom and options! Joshua Belanger

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