This is post originally appeared in early 2012. An important distinction in trading success and success in general is understanding the difference between a milestone and a goal. Where do you want to go and what are you going to do to get there? The best people and teams I have been around always were… Continue Reading
Tag Archives: motivation
Revisited: The Trading Curve
Fred Wilson, of AVC.com, has a good quick post about the start up curve. Trading is entrepreneurship without customers or employees. I really like this visual because if you turn your head enough it looks like a face hitting the wall. Not sure if that was intentional but that is how I would best describe what trading is… Continue Reading
Fixing the stock market.
I like to see competitors come together for the greater good of the business they love. Anyone who has been involved with trading/investing on a day to day basis for a long period of time has to love it. There is a lot of bullshit that is involved in this business. I don’t pretend to… Continue Reading
Misplaced focus.
One of my best friends from high school thought he was Deion Sanders. After playing football together for many years our list of pre-game superstitious and rituals were lengthy. It was a production. Finally a coach stepped in and the madness came to an end. Habits can form for little or no reason but end for a… Continue Reading
The trading curve.
Fred Wilson, of AVC.com, has a good quick post about the start up curve. Trading is entrepreneurship without the bullshit. No employees and no clients. I really like this visual because if you turn your head enough it looks like a face hitting the wall. Not sure if that was intentional but that is how I would… Continue Reading
What speaking to a group of children reinforced about life and trading.
A couple weeks back I had the opportunity to speak to children from the Chicago Public Schools. Another chance for me to attempt to remove my ridiculous and irrational fear of public speaking. I thought maybe they would remember a story I told or maybe something I said. Motivation and writing a blog are very… Continue Reading
Accepting responsibility for your good and bad trades.
When a trade works really well what do you look at first? The market or yourself? When a trade doesn’t work what do you look at first? The market or yourself? Accepting responsibility for both gives you motivation and reminds you of the risks. Empowers If you take the focus off of yourself and put it… Continue Reading
This is the most bullish on the market I have been in awhile.
I am bullish on the market but I do not know where it is going. To say this break wasn’t needed or even predictable is to ignore the writing on the wall. Fear vs uncertainty NFP came out really awful. The market sold off (and then popped). But it starts the healing process and that is… Continue Reading
Preserving psychological capital
I did not create the term psychological capital but it is perfect. The problem with some goal setting is that it focuses on a result and not the process. The goal of trading is money, cash, greenbacks, dollars, loonies, pounds, liras, etc. But that does not happen without a process or journey. A process does… Continue Reading
Can you be an emotional and a successful trader?
Micheal Bigger brought up that question this morning. I have be around many traders and every trader handles emotions in a different way. The problem with making a value judgment about emotions, is that we do it on the premise that what emotion means to you and what it means to me are the same.… Continue Reading
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