Also interviewed in Jack Schwager’s “Market Wizards” was Dr. Van K. Tharp. Although Van is not a trader, he his very well known for his research on how stress affects human performance in the financial markets. He has developed a series of tests that help traders confront their strengths and weaknesses, with the intention to [...]
What we see depends mainly on what we look for – JOHN LUBBOCK
In his book The Art of Happiness, the Dalai Lama notes a Greek fable on perspective.
Once there was a disciple of a Greek Philosopher who was commanded by his master for three years to give money to everyone who insulted him. When this [...]
It is tough to make predictions, especially about the future. – YOGI BERRA
I keep CNBC on all day while I work. Perhaps I think I will miss something, or maybe it’s the background noise that’s appealing. In any event, what I always find amazing is the parade of experts making one prediction after another. I [...]
My 10 year old nephew Kevin paid me a visit this week. I thought he would enjoy meeting the guys I work with, so I brought him into the office one day. After looking at the screens and watching the prices go up and down, he asked, “How do you make money from all this?”
I [...]
If you don’t know who you are, the stock market is an expensive place to find out. – ADAM SMITH, The Money Game
According to Ori and Rom Brafman in their book “Sway” the National Institutes of Health (NIH) conducted a rather interesting experiment. They gathered participants and placed them in a MRI like machine [...]
I think successful traders realize a few important things that escape the failures. It doesn’t seem to matter if they trade discretionary or with systems, they all seem to know that the market is the boss. They are defensive and have a great deal of respect for risk. They all tend to manage risk and [...]
I would like to launch the blog with a simple yet very powerful concept. I am sure that over time we will elaborate much further on this simple concept but it seems appropriate to start here.
It all starts with the 4 possibilities. Once you put on a trade only four things can happen:
1- You can [...]
