Archives of “February 2019” month
rssThe chief cause of failure and unhappiness is trading what you want most for what you want right now
Timeless Seykota
1. “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”
2. “Fundamentals that you read about are typically useless as the market has already discounted the price, and I call them “funny-mentals”. However, if you catch on early, before others believe, you might have valuable “surprise-a-mentals”.”
3. “If you can’t measure it, you probably can’t manage it… Things you measure tend to improve.”
How the rich think differently than the average person
The World Map of Debt
Chinese Medicine
Q: Doctor, I’ve heard that cardiovascular exercise can prolong life. Is this true?
A: Your heart only good for so many beats, and that it…don’t waste on exercise. Everything wear out eventually. Speeding up heart not make you live longer; it like saying you extend life of car by driving faster.
Want to live longer? Take nap.
Q: Should I cut down on meat and eat more fruits and vegetables?
A: You must grasp logistical efficiency. What does cow eat? Hay and corn. And what are these? Vegetables. So steak is nothing more than efficient mechanism of livering vegetables to your system. Need grain? Eat chicken. Beef also good source of field grass (green leafy vegetable). And pork chop can give you 100% of recommended daily allowance of vegetable product.
Q: Should I reduce my alcohol intake?
A: No, not at all. Wine made from fruit. Brandy is distilled wine, that mean they take water out of fruity bit so you get even more of goodness that way. Beer also made of grain. Bottom up! (more…)
Three Wishes
Everyday receiving hundreds of emails for Subscriptions and many Traders are asking these type of questions …….
Q: Genie has granted you three wishes to help you improve your trading/investing skills. What would you ask the Genie?
A: I would ask for three things: 1) better statistical analysis skills, 2) more time to devote to mechanical strategy development and research, and 3) straightforward guidance on what I need to do to improve the performance consistency of a few of my stock screens. The good thing with all three of these is that I don’t really need a “genie” to give it to me as each are within reach as long as I devote the time and effort.