In the only sport that has both men and women competing with each other, Julie Krone is the most successful woman jockey in American horse racing history.
I don’t know much about the horse racing, but after reading a few articles about her I was instantly intrigued by her tenacity and determination to succeed.
Here’s what you need to know about her:
Throughout her career, she has been thrown off horses and trampled over, had her heart bruised, broken her back, leg and several ribs, shattered her ankle, fractured both hands and suffered post traumatic stress disorder from these injuries.
And in those days, women were (unofficially) discriminated against in the horse racing industry. After all, it is still by many standards, a male-dominated sport.
But despite these setbacks, Julie went on to become the first female jockey to win the Triple Crown race in 1993 and the first woman to be inducted into the National Museum of Racing and Hall of Fame in 2000.
Talk about succeeding against the odds!
One thing in particular she said, when asked about how she dealt with horse owners who didn’t want their horses ridden by a girl…
She replied: “Keep showing up!”
“I discovered that if I showed up every day and did my best, eventually they’d put me on a horse just to get rid of me.”
This was (mostly) meant as a joke, but there’s a profound truth behind it.
Consistency over Intensity
When I was a kid, I had several bad experiences swimming, including one time when I was sure I was going to drown in the deep end of a pool… until a nearby swimmer heard my cries and saved me from a certain watery fate.
Since then, I developed a strong fear of drowning.
Then a few years ago, after I quit my job, and in response to a post in Tim Ferriss’ blog, I felt a sudden urge to confront this fear.
I bought the recommended book and DVD, and began working on how not to drown like a panicked chicken.
Over the next few months, I went to the pool every alternate day until I understood the basics of swimming — not just on a conceptual, but kinesthetic level.
99% of the time, I’d leave the pool bloated from swallowing too much water, feeling like I haven’t improved one bit.
But I just kept showing up.
Every Monday, Wednesday and Friday, there I was at the pool flailing my arms about like a madman. Sometimes, I’d “swim” 20 meters after a few minutes of struggling, but most of the time I’d just be moving my arms and legs around without progressing more than 5 meters.
If you’ve ever tried running underwater, you’d know what I mean.
Unconsciously though, bit by bit, I slowly got the hang of things.
A few months later, I found myself swimming half the length of the pool. It still tired me out, and I knew I still had long way to go, but at least now I didn’t look like a drowning chicken. At least, I looked more like a mildly uncomfortable duck.
There was improvement.
Today, I make it a point to swim 5 – 10 laps at the pool twice a week. Unlike many other forms of exercise, this is one I thoroughly enjoy. I am no longer afraid of being in deep water.
Now I know this sounds really cliche, but looking back on all this, I realized the key to this achievement was persistence.
It wasn’t about how hard I tried. I didn’t push myself over the edge by trying too hard. On the contrary, I took things at my own pace. Whenever I got tired, I stopped and took a rest. I didn’t try too hard at all.
But the one thing I did, was show up consistently.
And it made all the difference.
Unfortunately, the opposite often happens when new traders come into the market.
They’d spend hours upon hours staring intensely at price charts, and give up after a few months of having no results. This is a typical example of training with high intensity and low consistency. This is not the recommended way to practice trading.
What This Means For Your Trading
Do you show up every day in the market? Or do you just open up your charts whenever you “feel like it”?
One paradox of trading is that it requires the commitment to keep showing up, and yet the more time you spend looking at charts, the less effective you’ll be.
It’s easy to get frustrated and make bad decisions when you spend too much time staring at the computer screen – you’ll look for “something” to trade when you should probably be staying out of the market for the moment.
So take things at a comfortable pace and don’t force yourself to “trade hard”.
Just take things easy… but make sure you keep showing up.