One of my favorite sporting events, no events, is The Masters.  Sunday on the couch watching The Masters is about as good as it gets.  And as traders there are many lessons we can learn from golf.

1. In golf you play the ball where it lies.  You can hit a great shot and find it in a divot and you must play from there.  In trading you can make a good trade, find yourself underwater in losses, and must trade out of the position. (Golf is not a Game of Perfect)

2. Golf is an individual sport and trading is an individual occupation, which you must learn to accept.  (Early to Rise)

3. In golf/trading you must eliminate big numbers. (The Masters)

4. You will hit bad shots and make bad trades.  You must learn to forgive yourself. (7 life lessons you can learn from golf)

5. There are ebbs and flows to the game of golf, where you play well and poorly.  For most, the same is true of trading.  You will have stretches where you trade and see screens well and periods where you trade like a hacker.

6. The best golfers grind. The best traders grind it out.

7. In golf you are challenged to contain your emotions.  In trading you must contain your emotions.  (Golf TV)

8. In golf ever great player has a pre-shot routine.  Every great trader has a process to find excellent trade setups that are best for them.  (Market Wizards)

In the video below I discuss a great book we recommend to our traders, Golf is not a Game of Perfect, by Dr. Bob Rotella.  And discuss what we can learn from golf.

*no relevant positions