A few days ago, I shared some pictures of a few things I’d created by woodturning, yarn bowls and beer pints. Today, I thought I’d tell you a little more about how I do it! Because it actually carries a nice lesson about trading in there…
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Like with pretty much everything I do, I don’t go about my woodturning projects in the typical way.
Most people would start out buying wood — or obtaining some pre-dried wood.
I see wood everywhere I go… I bring it home and cure it myself.
I usually start by liberating some slabs of wood out of logs with a chainsaw.
Then I will take them over to my big bandsaw with a 13" resaw capability and start roughing out what I see in the wood.
Once roughed out, I usually prepare it to go onto the lathe, either by drilling a hole for a screw-in attachment or by attaching a backer plate.
Then you start getting the workout as the non-round natural wood is never very balanced until you use the roughing gouges to get it into a balanced rough form.
Anyone that thinks trees are actually perfectly round, has never tried to turn some raw lumber before! Haha
Here’s a picture of something really nice that I created:
But it’s not all sunshine and rainbows. Sometimes, things don’t go to plan…
The before shot looks pretty good:
The after, not so much…
And that actually is why woodturning reminds me of trading in many ways.
Just like with trading, sometimes you’ll spend hours and hours working on the perfect work of beauty, only to watch it spectacularly blow up at the end.
That’s true in every area of life, pretty much. Not just trading. But when money is involved, we start to get uptight.
My advice is to practice letting it go! Maybe pick up a hobby like woodturning or chess or something that requires a lot of patience and can still bite you in the end.
It’s never fun to lose, but learning to become more patient and more resilient will do wonders in the end.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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