This is a continuation of the Trading Words of Wisdom By Yoda, for Quote #8 click here.
7. “Judge me by my size, do you?” The Empire Strikes Back
Yoda may not look like a formidable foe, but that’s a little green guy you do not want to mess with! This quote is from when Yoda explains to Luke Skywalker that while he might be small, he is an ally to the Force-which is strong and flows through everything. The Force is power, and when a Jedi can feel the Force surrounding them and connecting them to something as trivial as the trees in the forest or the rocks resting in the swamp, then they become powerful as well.
We shouldn’t disregard size, but we definitely shouldn’t judge or be intimidated by it. We should be aware of how things are connected and influence each other. There might be some who throw large amounts of money into the market, gambling that they’ll strike it big. Some might boast of large position sizes, but judge not by their size! The market is bigger than a small pond, and a couple of “big fish” aren’t going to rule it. The importance is understanding the market: how it moves, its trends, or how it is affected by events. We don’t control the market–we work with it. It can be good to trade small, because you are testing and developing your trading strategy. With a small position size, if a trade goes badly you can control damage and regain your ground. So if you’re still in training, young Jedis, judge not by your size!
Happy Trading, and May The Force Be With You!
For Quote #6 click here.