Are trade skills correlated with driving skills?

Suddenly, have you ever caused an accident with a car ...

Not something to brag about, but I certainly have.

Around the age of 21, I admired the protagonist Ginjiro Manda from the traditional hugely popular Japanese V-cinema "The Emperor of Minami." Under the sun, he would appear with a squeal of tires, stopping his shiny Mercedes while the car body gleamed.

Then the camera angle would immediately tilt toward his feet, and the "smug face" he makes when he steps one foot outside his perfectly polished shoes was irresistible. “How cool is he ...” Since high school I had been hooked on Ginjiro Manda, and for several years I worked at part-time jobs relentlessly, saving up to buy a car.

Of course, I could not buy the Mercedes that appeared in the film, butI succeeded in buying a brand-new Toyota Vitz.

Now, where should I head in this shiny new car? Of course, it would be to the familiar movie location “Osaka Minami streets.”

As Osaka residents know, in front of the well-known tourist spots near the Glico sign and the kuidaore doll, the wide street “Midosuji” has many lanes and sees traffic all day long—a true “artery of the city.” It is precisely that place that is frequently used in scenes from that film’s Osaka Minami.

I was a complete beginner who had just gotten my license when I bought the car, but that didn’t matter! I gathered my resolve, gripped the steering wheel, and headed for “Osaka Minami.”

And as you might imagine, just three days after delivery, I caused a fairly notableproperty damage accidentin the “admired city.”

Until yesterday my Vitz, which shone brighter than any other car, had its front tire come off and the hood open, yet oddly the door would no longer open.

Moreover, I was 21 and had no liability insurance, so I ended up taking out a loan to pay for the repairs and other car-related costs (※This is a true story).a large amount of money loan.

To be verbose, the reason I’m telling this isn’t to boast about my financial feats or heroics, but

to highlight several important points related to “investment.”

First, for people who have never done FX or stock investments, and for those who are skeptical, the image of those “investments” is that “if you lose, the risk is huge.”

It feels like a gamble, and many think, “That’s something not to do.”

There are probably many who think, to some extent, “Most people who invest lose!”

But among those people, many in daily life are already investing in various things. Today I’ll use a widely experienced example among adults: driving a car.

When you drive, you must accept the risk of getting into an accident. If a personal injury occurs, you may have to make a lifelong apology to the other party.

That is an unforeseeable, substantial risk, and driving always carries that big risk.

Yet everyone, knowing that risk, uses the convenience of transportation for

• “driving lesson cost”
• “car cost”
• “vehicle maintenance cost”
• “fuel cost”
• “taxes”

as investments.

So how is this story related to FX?

Experienced traders may already notice that since it is the same form of “investment,” you can derive FX theory from the act of driving a car.

• Driving a car (＝ trading) always carries risk (loss = stop loss).
• A skilled driver (＝ strong trader) constantly pays attention to avoid the risk of an accident (loss).
• When you don’t feel well, you don’t drive (trade).
• To ensure safe driving tomorrow, you don’t neglect vehicle maintenance (analysis).
• Because you are mindful of safety, you don’t overextend in driving (overtrading). Do you stop at the stop line? (Have you closed your position when the stop-loss point is reached).
• You always follow the rules no matter what.
• Even when unexpected events occur (being tailed by the car behind you, or unexpected statements by important figures or economic indicators), you do not become emotional.

Some people may skip the basics and quickly imitate advanced trading skills to reach the same status. But those difficult skills are only possible for those who have trained, gained experience, and mastered the basics; it is impossible to reach an advanced level by ignoring the basics.

 Moreover, even after mastering the basics, I believe one can still become a winning trader.

I would be glad if you can see that “daily precise execution of the basics” is the example of a good driver. "Hey, you’re the one who crashed on delivery day—who are you to say that?" some of you may be thinking right now.

Indeed that is true, but please forgive me—those were tales from the past.

In the beginning I also kept crashing (losing).

Not something to boast about at all; perhaps I was simply letting the basic training pass from right to left at the driving school (a nostalgic topic in many ways).

I let the desire to drive fast overpower me. In the market, if you let the desire to make money quickly overpower you, you may end up hurting like I did in the past ...

 And finally

If you’re thinking, “This column is too long, isn’t it!?” I have something to say to you.

In rental video stores, the DVD collection of “The Emperor of Minami ~Nanba Financial Chronicle~” is so large that you’d exclaim, “Really? There are this many!” and surely a dedicated display would be set up. I would urge everyone to visit a nearby DVD rental store and my blog as well.