I read this story recently, it’s from Aesop’s Fables, it’s called “The Trader, the Boy, and the Donkey”. I’m kidding, it’s actually titled “The Man, the Boy, and the Donkey”.
A man and his son were once going with their donkey to market. As they were walking along by his side a countryman passed them and said, “You fools, what is a donkey for but to ride upon?” So the man put the boy on the donkey, and they went on their way.
But soon they passed a group of men, one of whom said, “See that lazy youngster, he lets his father walk while he rides.”
So the man ordered his boy to get off, and got on himself. But they hadn’t gone far when they passed two women, one of whom said to the other, “Shame on that lazy lout to let his poor little son trudge along.”
Well, the man didn’t know what to do, but at last he took his boy up before him on the donkey. By this time they had come to the town, and the passersby began to jeer and point at them. The man stopped and asked what they were scoffing at.
The men said, “Aren’t you ashamed of yourself for overloading that poor donkey of yours — you and your hulking son?”
The man and boy got off and tried to think what to do. They thought and they thought, until at last they cut down a pole, tied the donkey’s feet to it, and raised the pole and the donkey to their shoulders. They went along amid the laughter of all who met them until they came to a bridge, when the donkey, getting one of his feet loose, kicked out and caused the boy to drop his end of the pole. In the struggle the donkey fell over the bridge, and his forefeet being tied together, he was drowned.
The moral of the story is: Try to please everyone, and you will please no one.
You must be thinking, why am I even posting this and what does this have to do with the title, be a lone wolf trader? It’s about living life on your own terms and not getting caught up in the opinions of others. Be a lone wolf trader. Focus on your trading, your life (body, mind & soul), and the rest will follow. Stop looking out for the next “Holy Grail” Trading System, or for the next trading guru to show you the way. Turn inwards and look at yourself, you are your own “Holy Grail” (that’s the forex trading secret, no one wants to tell you).
Even in trading, it’s easy to get caught up in opinions of others. The endless Tweets of Twitter gurus, the ever growing news feeds & announcements, your Instagram Feed of Forex Millionaire’s, the latest “hot” Forex system etc.
Along the way, people will cheer you, jeer you, boo you, hug you, love you, judge you. Everyone will have an opinion, irrespective of what you do. We all like to be liked, but at what cost? Remember to choose yourself first. Say yes to you.