Greg Norman teaches trading


This is a delayed post. When it appears on the site, I should be half way around a golf course (probably knee deep in sand, or hacking my way through the rough).

Just yesterday, I pulled this old book off my shelf, hoping to get some juicy tips on my golf swing. It turns out that many of Greg Norman’s lessons apply well to trading:

Part V: Managing Yourself And Your Game
Lesson #79: Know Thyself

At the end of each season, I take a pencil and paper and make a brutally honest appraisal of the state of my game. If you’re serious about wanting to improve your play, you should do the same thing.

Divide your game into driving, fairway woods, long irons, middle irons, short irons, wedge play, bunker play, chipping, putting, and trouble play….

This exercise in honesty will do two things for you. Number one, it will instill you with a feeling of confidence in the areas of your game that are relatively sound. Even if you already have that confidence, the exercise of actually writing a low number next to your strengths will reinforce the feeling. Secondly, by coldly and candidly recognizing your weaknesses you’ll be taking the first step toward strengthening them. From this point, you can establish a game-improvement agenda for the next season – lessons, drills, golf school, a practice programme, etc. Whateverit may be, it should focus on these acknowledged weak points of your game.

Part V: Managing Yourself And Your Game
Lesson #100: Shake It Off

We all love golf, but it doesn’t always love us back. No one knows better than I the strange fates that can befall you…

What I’ve learned over the past several years is that there are certain things about golf you can’t control. You lose more often than you win – and if you’re a weekend player, you probably make more bad shots than good ones.

Shake them off. Step aside for a moment, take a deep breath, close your eyes, and do your damnedest to forget what has happened. There’s no room on the golf course for anger or self-pity. The sooner you regain your composure and determination, the sooner your best shots will return.

Wise words from Greg Norman, aka ‘The Shark’, whose ‘100 Instant Golf Lessons’ can be found in their entirety on his excellent web-site (that’s one less book I need to keep hold of).

4 responses to “Greg Norman teaches trading

  1. This is a good one.
    I hope you enjoyed your golf as well.

  2. Cheers Gav, golf was most enjoyable. I find this sport a little more mysterious than most, because it’s so hard for amateurs (like me) to truly appreciate the idea that the swing is all about technique, not power. Power and strength can be applied once the technique is nailed, but prior to that, if the technique is okay, this will do most of the work and can still achieve 80-90% of the distance of a harder swing. Hitting the ball sweetly, without effort, reminds me of the notions of ‘fighting without fighting’, of playing with ‘no mind’.

    Practice on the driving range also reminds me of trading. I always start of with the really low distance shots (chips), and work up to long pitch shots, and then the middle irons. I’ll keep practising the easier shots until they ‘work’. Only then will I progress to the longer shots. In some ventures, it is more profitable to dive in at the deep end, but trading, like golf, seems to be a game of increments.

  3. Arnold Palmer promoted the idea of learning to hit the ball hard before learning how to finesse it. Most other pros have recommended technique first, then power later. In any case, once a player can hit the ball a reasonable distance, the game becomes one of control, not distance. This concept if true of all sports and crafts, including trading, that everything eventually comes down to control, without which excellence is not possible. I agree with you Caravaggio, it’s best to work on technique (control) inititially and then power. As time goes on and expertise improves you will find yourself working on both in tandem.

  4. I have an Arnold Palmer video, and his first tip is ” just get up there and hot it the way you wanna hit it” How is that for a cavalier approach to teaching. He did have some good pointers too, but all in all he was an advocate of cowboy golf. Just a gunslinger. His style of play shows it.

    greg norman seems to be much more technical. I saw a swing cam of greg and greg jr and their swings were virtual;ly identiacal. talk about a chip off the ol’ block!!

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