Book recommendation: Who moved my cheese?

Learn how to deal with change in your work and life

Book recommendation: Who moved my cheese?
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By far the best non-trading book I have read that can be applied to trading is “Who Moved My Cheese“. It deals with the human animal and how it reacts to change. A parable in nature that shows us what happens to those that embrace change and those that resist it.

Mouse Trap / Cheese
Image Source: Skitterphoto – / License: CC0 Public Domain

What a great topic for traders. When was the last time you had an edge that was really working, only to see it disappear at some point? How did you deal with it? Did you fight the change? Our subconscious minds remember the pleasure of winning with that strategy in the recent past. So as traders, we have to be alert to our minds trying to take us back to the well that worked so many times before.

It has been quoted many times but well worth repeating here again; Einstein once said “the definition of insanity is doing the same thing over and over again but each time expecting a different result”. If this sounds familiar, then it may be time to step back and read this short story. You may be surprised how this parable relates to trading ever-changing markets.

About Steve Gomez
Steve Gomez is a professional trader and mentor from San Diego.

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