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I just finished “The Omnivore’s Dilemma” today, which by the way is an amazing book if you’re at all interested in where your food comes from, and at one point the author has hooked up with some mushroom gatherers and one of their hunting adages seemed strangely applicable to trading. It’s kind of scary that no matter what type of book I’m reading I’m always able to relate it to the trading world.

“But you must never forget the final theory, the theory of all theories. We call it the TPITP: The Proof is in the Pudding”. In other words, when hunting mushrooms trading stocks you should e prepared to jettison all previous theories and go with whatever seems to be working in this particular place, at this particular time. Mushrooms Stocks behave unpredictable, and theories can go only so far in pushing back their mystery. “It’s a lot like gambling,” Ben said. “You’re looking for the big score, the mother lode. The conditions might be perfect in every way, but you never know what you’re going to find around the next bend–it could be a sea of mushrooms or nothing at all.”

Just remember to not be so entrenched in what you think should work and go with what is working at the moment. Trade in the now.

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