Benjamin Franklin's Daily Routine.
Archives of “January 13, 2019” day
rssWorld Over Import Duty-Highest on Refined #EdibleOil followed by Crude & Seeds;but Opp in India !
Life is too short to have regrets
Over Trader Anonymous : Here's A Great Tip
Over trading is the single most damaging thing to an account. the commissions alone will eventually slowly eat away at capital and that’s not even taking into consideration the mental and emotional drain you will go thru. Your soul goes into a dark place when you over trade and get poor results. Sometimes it made me even angry and i used to lash out at others.It took me years to figure out that trading more ironically meant more losses, (more…)
For the Next Thirty Days
This For All Critics
Makes sense
Why Ben Graham stopped managing money.
Taleb reveals unsettling truths
How fragile we are. Five years on from the Lehman Brothers collapse, political and regulatory errors have made the world’s financial system even more fragile.
This alarming line of thought comes from Nassim Nicholas Taleb, best known for The Black Swan, which explained markets’ difficulties in pricing extreme events for which they had no precedent.
Mr Taleb, who spoke to me in London last week, divides opinion. For some he is a genius, for others a charlatan. What seems clear, however, is that his gloriously charismatic act and polymath choice of imagery, drawn from philosophy, mathematics and the Classics, can get in the way of underlying ideas which are not in fact far-fetched. Indeed they contain a hard kernel of commonsense truth.
Here, then, is an attempt to render Mr Taleb’s poetic arguments in prose. (more…)
Do the hardest work first
The greatest performers in any field delay instant gratification in pursuit of their ultimate goal, which is to be the best they can be while pushing through less than comfortable situations. For me, the hardest work is determining a loss target. I firmly believe that the very best traders determine where a loss is to be taken before determining where money can be made. It is difficult to consider how much you are willing to lose before you consider the instant gratification of adding to your bank account. But it has to be so. Accept a loss and delay the gratification of instant money for the reward of a lifetime of income.