F%&K Your Ideas
..it is the execution that matters
Goal: Discuss execution vs. thinking rewards
The world that we live in reward thinking. But thinking only without follow-up action is useless.
Consider day trading for a minute. Every time traders make a move they better understand their risk to reward ratio. In other words, their risk is what they stand to loose and reward is what they stand to gain. Usually a minimum of reward that is 2 times the risk is acceptable. SO 2:1. 3:1 is better than 2:1.
In another example, consider writing articles like I do daily. In the last several months I have published about 120 columns. If you were to look at my medium account you would see 166 unpublished stories in various states of being finished. SO 166:120 is not quite 2:1. That means that the pipeline has a lot of ideas but maybe not as many as it should.
Both of these examples have execution as the ultimate goal. When you place a trade you are putting your money at risk and hoping to get a reward. The thinking process along with calculations is now real. You have taken an action and the market forces will either reward you or punish you based on your timing and market dynamics.
Same thing can be said about the writing example. I create ideas, write an article and eventually let my baby out into the world. That is the risk part of the equation. Responding to like and comments is nurturing that baby and its reward.
Yesterday’s article on freedom vs. innovation hit a spot with one of my readers. He and I went back and forth debating the ideas. That is a huge reward that someone took the time to feel passionately to write a thoughtful disagreement to my idea. I loved it.
In the end you have to weigh the things you execute. I believe that we should execute more in predictable fashion. I hate when I miss a day writing an article. That means I did not process a thought, work through an idea, or provide an inspiration to others. It is a missed opportunity to serve.
Hopefully you agree that execution is messy and the reward is not often given to us. We must execute anyway.
I believe that we should come up wit h4 times as many ideas as we execute. If we execute one out of every 4 ideas we will be on the right path towards success.
My three cents….(this is what I earned from Medium.com for Feb. 2021)
I got to go…my future self alarm went off
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