Critical Evaluation
A few thoughts on my betting/trading ahead of the new EPL season led me to come across this video.
http://www.youtube.com/watch?v=hdR3g83lwdE&feature=related
There are a lot of familiarities between Sports Trading & Financial Trading, most notably the ability to critically evaluate situations and their probable outcomes better than the majority of the market. This is essentially how value is derived.
That means looking at games/performances/tactics on multiple levels and not just taking information on face value.
Within the video I particularly like the example of critical thinking when the Trader is discussing an OPEC meeting and he determines a decision will not be made when the market has priced in the fact that one will be made.
Watch and enjoy. Excuse the 80's production, the content makes it worthwhile.
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