Tyson Chandler, center for the New York Knicks, was the subject of a great write-up by Nate Taylor last week. Applied to trading and the market, the lesson here is that traders should not feel compelled to take every single setup they see. Practicing selective aggression is key. Furthermore, even if we take a trade and quickly decide to cut it or get stopped out, we can still wind up re-entering at a better spot and making a profitable trade. I would compare that strategy to Chandler’s selective approach of deciding when to go for the offensive rebound and when to tap it out to his teammates.
______________________________
via The New York Times
At first glance, Tyson Chandler’s strategy appears odd: an N.B.A. center who chooses at times not to grab an offensive rebound. After all, the 7-foot-1 Chandler is one of the tallest players in the league. He is expected to get rebounds.
Yet sometimes when the Knicks are on offense, Chandler will judge that he cannot grab the rebound with two hands because he is not in the best position. When defenders take that option away, Chandler will jump high, try to locate where his teammates are on the floor and use his right hand to tap the ball out to one of them on the perimeter.
As rare as it is for a low-post player to execute such a skill, it has become one of the Knicks’ most effective plays.
In the past 10 games, Chandler has attempted to tap the ball back to a teammate 27 times. Of those attempts, the Knicks have corralled the offensive rebound 17 times (63 percent). The Knicks have gone on to score 12 times on the second-chance opportunities.
key to poker as well
lol indeed, interesting analogy Chess. Nice year thus far from Tyson as well, he does this better than any other big man with those longass arms of his. It was particularly nice watching this while the Mavs destroyed The Heat in the finals last year.
… how in hell Mark Cuban ever let that “stud” get out of Dallas is a freakin’ mystery !
Nice job, Cuban !
.
You ought to publish a book of your philosophy of trading articles.This is a great one here. Wait for the ball, or the trading setup in a stock, to come to you before you go trying to catch it. Great analogy.