big wednesday

Matt Johnson, Jack Barlow, and Leroy Smith are three young California surfers in the 1960s. At first reveling in the carefree life of beaches, girls, and waves, they eventually must face the fact that the world is changing, becoming more complex, less answerable by simple solutions. Ultimately the Vietnam war interrupts their idyll, leaving them to wonder if they will survive until “Big Wednesday,” the mythical day when the greatest, cleanest, most transcendent wave of all will come.

I have been thinking about the movie a lot recently and the parallels with learning to surf and learning to trade. Surfing is tough but trading is tougher. I took some surfing lessons at beautiful Byron Bay in Australia in 2005. I live in Ireland and the water is way too cold for me here.

The repeat of the Eurozone worries this year reminds me of the time almost 12 months ago when I decided to try trading full time. I began at the start of June last year and it was like being thrown in at the top of the top of the biggest wave I had ever seen and I had no idea how to surf. I had no idea what to expect and the market was like a very choppy sea.

I was envious of others who had a lot more experience and were prepared for the tsunami-like conditions. I could see it was possible to predict moves in advance with relative comfort (trading it was another matter however). I could see how the market moved to the point of least resistance – it was not random. It did seemingly unpredictable things to give the max pain to the max number of participants. I began to understand anything could happen when the market was open and it usually did.

This is what the last 12 months look like

enjoy the video


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