Note: I started to write this post in Feb 2011. Well actually it is stock market is dead again but I am sure that is not good for SEO. If you ask Felix Salmon. My love for the financial media just continues to grow. To his credit, he did publish it in OP-ED. And he…
Monthly Archives: March 2011
“Once in a lifetime” is happening more often.
When I hear someone talk about getting beaten up by a “once in a lifetime” market move, I stop listening. They are wrong and I do not have the time to explain to someone who has that point of view. If the market is open it can happen. Possible reasons for frequency. By eliminating people,…
Randomness and markets.
We get random wrong. I lose several times a day and have lost thousands of times in my career and hopefully will have an opportunity to lose tens of thousands more times. In order for me to continue to trade I have to rationalize the losses. Some are losses and some are mistakes, some are…
Secret to trading success: You.
Originally appeared in July 2010. “You are the weakest part of your system”. That is a defeatist statement and completely untrue. It makes your expectation to fail easier to accomplish and more importantly it makes failure easier to handle. It shifts the pressure away from you and unto fate. Would you fly on an airline…
Letting the market come to you.
Talking to a client on the phone today: How has trading been since you got back from vacation? Really well. Awesome, what do you think is the difference? Just really relaxed, I let the market come to me. Two things. First, being able to just let the market come to you should be easy. It…
Quick Tip: No room for doubt.
No room for doubt, just get out. It is not your last trade. I cannot say it enough, if you are doing the right things there will be a next trade or a tomorrow. If you make it to the next trade, you should know more about yourself, the market, and the relationship between the…
“Obama is Awesome”
I do not like being lied to and I realize things change but acknowledge it. The video isn’t exactly unbiased but something to think about. Tweet This Post
The 401-K(eg)
This is an old email but funny anyways, I am guessing circa 2009. It could have been written by a stockblocker. I do not know if the contents are true with the exception of Lehman Brothers. I was surprised to see $AIG was $1,600+ stock at one point. I guess collecting a bunch of…
Which is more 10% or 20%?
Our mind can play crazy tricks on us. Would you rather have $2,000,000.00 or $2mm? Although they are the same if you are honest with yourself 2 million written out is much better. Would you rather make 10% or 20%? If your first thought is 20%, you may or may not be right. Percentage is a…
