It is often said, trading introduces you to yourself. I was in my second year of trading when I heard that phrase. She would go on to ultimately teach me much about life and myself. The benefit of being in my early 20′s and teaching people in their 40′s and 50′s. I helped them with… Continue Reading
Tag Archives: benefit
Not an accomplishment it is necessary.
It is important to understand the difference between a prerequisite and an accomplishment. Zero is the necessary minimum to achieve a task. Showing up to work is not an accomplishment it is a prerequisite for keeping the job. Trading has prerequisites that can be confused for accomplishment. Here are some: Admitting you are wrong/made a mistake. Mistakes happen and… Continue Reading
Predictions are failing at a rapid pace.
I do not envy the job of the economen (economist with the same track record as weathermen), but they still put themselves out there so we should learn something from them. I do have some respect or empathy for them, they are proven wrong and wrong again but they still keep coming back. Being around… Continue Reading
A story of entrepreneurship and community.
Updated: Has not raised about $120k in 13 hours. I have taken some time away from the blog, if you even noticed. But the blog father has summoned me. Seth Godin launched a kickstarter at 5:07 AM ET today and as of 11:30 AM ET he has raised $97,000, $57,000 more than the goal. I… Continue Reading
Getting the most out of each lesson.
The benefit of trading and life is that the same lessons can be applied to each other. Truths about life can be slightly shifted to relate to trading and vice versa. You are constantly needing those lessons. I was just talking to another trader who was having trouble pulling the trigger. Assuming you have taken… Continue Reading
It is not me it is you. -Volatility
I was talking to another trader and they were feeling anxiety about the increasing volatility in the markets they trade. Traders hope and pray for volatility and when it finally gets here traders need to make the adjustment. Monetarily and otherwise. StockSage wrote Trading in a Volatile/Transitioning Market Environment. Whether the rotation sticks or not… Continue Reading
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