Relationship Between Happiness and Success
Archives of “January 2019” month
rssBrilliant stuff from Mastering the Trade:
Stages of a typical correction. Each stage could vary in duration
Oxymoron
The Creative Process
Maslow's Hierarchy of Needs
Abraham Maslow would be 105 years old today. ThisGreat Graphic, fromResilience.org, depicts the hierarchy of needs is he associated. The more securely the basic needs were satisfied, the easier one can attain the higher levels, ultimately leading to self-actualization.
Unlike other psychologists, like Freud for example, who studied unhealthy people and induced what healthy was, Maslow studied people he thought were self-actualized.
Stuart Firestein: The Pursuit of Ignorance (Video )
Don't Raise Your Voice ,Improve Your Argument
Saudi Oil Strategy
How low can US Shale go?
9 Trading RULES for Traders
1) NO TRADING ONCE THE DAYS LOSSES EXCEED XXXX.XX. (Insert your Rupee amout) Trading frustrated is no way to trade.
2) DO NOT OVERTRADE. Simply mathematics…the more high frequent trades I make, the more I get out of control, the more long term profits I end up losing.
3) NO TRADING THE SAME STOCK AFTER TAKING A LOSS THAT IN THE STOCK ALREADY THAT DAY.
4) THE MORE STUBBORN YOU ARE, THE MORE YOU WILL LOSE. THE STOCK MARKET IS ALWAYS RIGHT.
5) ALWAYS SET YEARLY AND MONTHLY TRADING GOALS, AND NEVER LOOK AT A DAILY CHANGES IN ACCOUNT. No one will be right everyday, impossible. But over time, months, year, years, you will see what your true success rate is. This is most important, there will ALWAYS BE BAD TRADES. I guarantee it.
6) DON’T CHASE STOCKS JUST TO DO A TRADE. AVOID BOREDOM TRADES. IF NO TRADE IS THERE, PASS, AND SOMETIMES DON’T TRADE ANY STOCKS AT ALL.
7) TRY TO GET IN BEFORE THE HEADLINES INSTEAD OF BUYING THE HEADLINES. Market homework absolutely required to be a success.
8) NEVER, EVER TRADE OVERNIGHT/EARNING PLAYS ON MARGIN. No swing long or swing short trades on margin. Shorting itself requries margin, but if I short long term it’s in small size compared to account balance. I NEVER hold overnight on margin, EVER, no exceptions.
9) SHRUG OFF ALL LOSSES IF RULES ARE FOLLOWED. It’s the trades when rules are broken that bother me, which is rare. If rules are followed, I learn from the loss, but move quickly to the next opportunity.