I must tell you about a very strange day I had a little while back.
Lately I've been trying my hand at trading stocks on the internet. Some time ago Linda's cousin won an $800,000 Lotto prize, and in trying to make that money grow for himself he invested $4,000 in a stock-trading software program. He became very excited when it seemed to actually fulfill its promise, multiplying his money quite magically. Well, since then, I've discovered that it isn't nearly as easy as it seemed to him at the time, that time being an up-market for stocks in general, what they call a bull market, during which it's close to impossible not to make money.
Anyway, I've been studying this stuff for some time, even though the whole thing is quite alien to my nature, out of the hope that one day I might increase our little potful to the point where we may not have to work at all anymore. (Retirement these days isn't what it used to be.) Well, I finally started getting the general drift of it all, and then worked out an angle that whould hopefully hold up in the world of real money. I practiced it for quite a while with Monopoly money on stock price charts, and sure enough it did seem to work. It amounted to buying low and selling high, as per usual in stock trading, but it involved a way of actually determining where the lows and highs were. (Don't get me wrong, this is all pretty standard stuff.) So I was excited to dive in.
Which I did. Well, suffice it to say that the reality seemed to bear little obvious resemblance to the theory. I went up and down and up and down, but more down than up. As did the contents of my account. Finally I heard something on the business channel on TV - which I had on beside my computer. It was a very good bit of news for General Motors. I can't remember what the news was now, but anyway I decided to put some money in it, thinking that others would too, which would drive the price up. Sure enough during the minute or two it took me to make up my mind, I could literally see the price shooting up on the computer screen, thou. I wasn't worried, though, that I was late, because I assumed the price would go up for several days. So I put my money down. Anyway, just after that I heard some good news about another company, Sirius Satelite Radio. The owner was buying a ton of the company stocks himself, which presumably meant he had confidence in the company, or at least other investors would get that idea and drive the price up, a self-fulfilling prophesy. (The stock marked is driven by self-fulfilling prophesies.) Sure enough, while I put some money on it, I could see the price jumping on this stock as well. That afternoon I felt quite proud of myself, thinking I had just made up for most of the money I had lost up till then.
Well, next morning, on the opening bell at the New York Stock Exchange, at 6:30 am my time, I was horrified to see the price of each of my new stocks plummetting. I looked at the news and saw that there was a general downturn in the market that morning. Trying to think through my stress, I decided hopefully that, after the prices dropped to some degree, hungry investors looking for a deal would snap them up, driving the prices up again. No such luck. Down and down they went. By early afternoon I realized they weren't coming up again, so I sold them both and lost about 1% of the total amount I had to play with. I was in shock. Very depressed.
Well, then I had to go somewhere in my van for an apointment. What I wanted was to hide in a corner and lick my wounds, but instead I dragged myself to the van, got in, turned the key, and nothing happened. The battery was stone dead. Oh God. I was VERY down now. Pretty much ready to cry. By sheer willpower, I got myself together, went back in and called a cab. It boosted the van and off I went. The motor hummed nicely for about ten blocks and then just stopped. This time I called the automobile association, of which I'm a member, for a tow truck. On our way to the garage, the mechanic explained all the possibilities, including being boosted by a vehicle with it's motor running, which would blow the alternator, which normally charges the battery. So the lightly charged battery would then only get me a few blocks before dying again. Oh great. Why didn't the dealership warn me about this when it sold me the van? Well, as the mechanic said, why should they care?
While I was waiting for the garage to analyze the situation, I sat in their waiting room staring at the TV hanging above the desk, thinking about all the money I lost today. Incredible! The dead battery alone would cost me about $1,500.00. Not to mention... I started going over my trading mistakes. What had I done wrong? What should I have done? Why? When? Back and forth. Eventually I calmed down to the point where I was able to see through my emotion, and the whole picture came together. I had done everything that the books had told me not to do, ignoring all that advise, actually not even realizing that I had learned it in the first place. It was as if I had done no studying or practice at all!
But now that the mistakes had been made, and the study and practice had lept back into my presence, all the answers were very clear. Now, for the first time, the theory and the practice were one. The words I had read earlier were visceral to me, part of my body, of my real functioning. I wouldn't make those mistakes again.
And then I thought about all I had learned from the mechanic in the cab of his truck, with my disabled van in tow, basic things about the world of vehicles that I would never forget. He taught me a lot, things unrelated to the battery. Like the fact that in these modern vehicles the gas pump is built inside the gas tank and relies on being immersed in gas for it's well-being, so that if you let your tank get below a quarter full the pump is likely to suddenly seize up. And to replace it inside a gas tank is a very time-consuming, expensive, operation. The dealers don't mention this. To their benefit. Because many of the newer models are built with computerized locks on everything so that only the dealerships and no one else can repair them. This is the kind of thing the mechanic taught me, while we were out there shaking around in the cab of his tow truck.
In the lobby of the garage, staring blankly up at that TV set, a very strange thing happened: I began to feel happy. Energy was surging in me again. I was so surprised at my reaction I had to try to figure out all over again what I was reacting to. It was quite simple really. What had been a terrible day had turned out to be a very good one, even a victorious one. Because I realized now - it became very clear - that the way to really, deeply learn something is by making mistakes. Trial and error. Emphasizing the error. I realized that without the mistakes, or at least without some serious struggle in trying to apply what has been easily learned from words, the words could not become a part of the real world a person lives in. All the way home from the garage, on the sky train, through a huge mall, on two busses, and walking the final stretch, I beamed with the feeling I had had a VERY successful day. Expensive, but more than worth it.
I became very self-conscious of the fact that I had not smiled to myself so much for many years. But that didn't stop me.
Linda and I are heading to Hawaii now for a month, our first vacation together for twenty years (we could never both leave the store at the same time before). I will have access to a pay computer and so will make the occasional contribution from there, but I won't be able to visit other blogs till we get back. To anyone nice enough to put comments here, I should be able to respond. See you later.
You may also want to read through the comments below, since many of the best ideas in my posts occur to me and my readers during the give and take of the comments and responses.