Archives of “January 2019” month

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The natural laws of golf

  
Education, Humour, Life
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golf rules

1)      If you want to get better at golf, go back and take it up at an earlier age

2)      The game of golf is 90% mental and 10% mental

3)      Since bad shots come in groups of three, a fourth bad shot is actually the beginning of the next group of three

4)      When you look up, causing an awful shot, you will always look down again at exactly the moment when you ought to start watching the ball if you ever want to see it again

5)      Any change works for a maximum of three holes – or at a minimum of not at all

6)      No matter how bad you are playing, it is always possible to play worse

7)      Never try to keep more than 200 separate thoughts in your mind during your swing

8)      When your shot has to carry over a water hazard, you can either hit one more club or two more balls

9)      If you’re afraid a full shot might reach the green while the foursome ahead of you is still putting out, you have two options: you can immediately shank a lay-up, or you can wait until the green is clear and top a ball halfway there

10)   The less skilled the player the more likely he is to share his ideas about the golf swing (more…)

HOPE

  
  Education

Hope is a four letter word.An appropriate acronym for H.O.P.E could be ;

Having

Our

Prayers

Expected.

False hope is a great source of misery and not just in the trading arema.Prayers are always good by keeping in mind that some of Gods greatest gifts are her unanswered prayers.

Hoping is a sign that the trades has no control over this position.Traders should never be hoping and always trying to control the amount of risk at stake at all times.Always trading-never hoping should be a traders’s motto.

Do You Trade The Market or Your Emotions?

  
  Education
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As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and which don’t is not as fun or interesting as learning a new trading strategy or set-up.; and awareness of one’s internal state is just as critical, but that is typically not dealt with.  As a result, most traders focus outward and ignore their inner process. And the way this often plays out for a trader is they trade their emotions and not the market.

FEAR

  
  Education
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Fear is not always a bad thing, though. In fact, for traders, feeling fear is not a problem, as long as they don’t panic and allow it to drive them out of or in to trades.

Among the fears traders face:

  • Not making enough money in these huge market moves
  • Missing out on big trades
  • Getting caught on the wrong side

At times like this, top traders see opportunity when others crawl into a hole because they are frozen by their fears.

Traders who keep their cool make money from the fear (i.e. shorting oil). Others keep their head and cut positions so they don’t get blown up (Greece and the ripple effect). Still others are waiting patiently for the moment to strike, like a sniper.

So how can all traders think like the top traders when it comes to fear?

  • Lay out the data and look at it from an objective point of view.
  • Pay attention to where the disconnects are because others are trading based on fear.
  • Keep positions smaller with wider stops; be ready to get bigger quickly the moment the uncertainty starts clears up, which it always does.
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