In an experiment a group of people were asked to fasten together two steel rings. They were given a long candle and a match box. All the people failed to do it as the melted wax was not strong enough to bond the rings
Now stop reading and think. Do you have any other idea to do
it? Do not cheat.
The solution is to remember that a candle contains wicks. Wicks
are threads which can be used for tying the steel rings together.
There is an old saying that when you have got a hammer in
your hand, everything looks like a nail. Further we are reluctant to use some
other tools, other than hammer, to nail. People get stuck thinking in habitual
ways.
In psychology, this phenomenon is called “Functional Fixedness” .Functional Fixedness is a cognitive bias that limits a person to using an object only in the way it is traditionally used. This is the number one creativity blocker. If you need creative
solutions, you need to escape from the established way of thinking. Most of the
time the pieces of the puzzle are just in front of you, but you just can’t see
it and put them together.
Trading is not different. It is a complex problem that can
be very difficult to solve. Break it down to small manageable components and find
ways to tackle it. Think different and use your imagination to find alternative
tools and new ways to use existing well known tools.
People on board of the “Titanic” could have used the ice
berg as their life boat for nearly four hours within which help arrived. Titanic
was navigable for awhile and could have pulled aside the iceberg.
Nice one Ji
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