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Trading Traditions and Holiday Magic
By Blake Young |
I want to flip the way I write this weekend article. I will talk about trading first and personal at the end. |
As we enter the full swing of the holiday season, I was thinking of traditions both new and old. I found a parallel between tradition and trading rules. |
Tradition creates the often-unsaid rulebook that we follow. In life, we may follow a tradition without knowing where it came from or why we do it. |
In trading, those traditions could be a rule set or indicators that we once heard work in a specific way. Now we have them as our core methodology without knowing their origin. |
Traditions shape us. When we have a rule set, we may think it is hard and fast law. |
But it really should not be. It may have brought us success in the past, but we need to be willing to adapt as our knowledge increases. |
Market conditions change. We can adjust our system to different indicator values and different options strategies without abandoning the entire plan. |
We can hang on to the core of the tradition while adjusting the details for greater success. That core might be momentum trading or a specific indicator. |
The most important part of trading traditions is the consistency and foundation we gain from them. This keeps us safe, profitable, and moving forward. |
Do not be afraid to alter your trading plan if you have good data and are adapting to the markets. Keep the non-negotiable traditions such as rule following and risk management. |
Maintain consistent trade execution. You will preserve your foundation while your results improve, bringing you more joy. |
Now on to the Holidays |
There are absolutely non-negotiable traditions in my family. Watching "It's a Wonderful Life" is one. |
We make sugar cookies cut in the shapes of stars, trees, and snowmen. Only my mom's recipe will do. |
Pizza on Christmas Eve is a must. Breakfast casserole and blueberry bread wreath fuel Christmas morning. |
Specific stories must be read. Games must be played. |
Children wait for the fireplace to be lit before they can see what Santa delivered. It is amazing how long that fire took to start. |
Whether started with kindling and paper or the push of a button for the gas fireplace, the wait increased the excitement. These traditions made my childhood magic. |
They filled my holidays with love and wonder. I have pulled them forward into my own family. |
The traditions my parents set up in the 70s and 80s shaped our holiday. They created the feelings and memories around our family time together. |
We have continued many traditions, yet we have also added and altered some for our children. The additions do not change my sweet memories of 40 years ago. |
Rather, they adapt to the needs and wants of our own family. Variation of tradition can still pay homage to the past. |
I have never roasted chestnuts on an open fire. I have never told scary ghost stories of Christmases long ago. |
But you can be sure I will be singing that duet with Andy Williams at the top of my lungs. I do so every time it rotates through the playlist. |
Traditions mold us and shape us but are not constraints that limit us. I am very grateful for the joy and happiness my parents provided. |
I hope we have done the same for our boys as we have expanded and adapted our traditions. The core traditions remain. The things that are most important persist. |
The tradition of parents doing all they can to create magic and memories for their kids continues generation to generation. |
The tradition of family gatherings, games, watching George and Clarence, and sharing special experiences together continues every year. |
It continues until the last frosted sugar cookie is eaten and the last line is sung: "Although it's been said many times, many ways, Merry Christmas to you." |
Blake Young
Senior Market Strategist, TheoTrade |
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