What happened to the peak oil story that was going to drive prices dramatically higher? Prices for WTI have broken bel0w $85 dollar a barrel. This 3.5 minute entertaining Cool Video from ASAP Science is not concerned with hydrocarbons, but with the energy in food, ourselves and nature.
Archives of “Video” category
rssA world of debt-video
Jim Grant on Wacky Federal Finances
Brief Eight-Decade History of Volkswagen-VIDEO
//
One Liners-Trading Wisdom :Video
The Simple Life Of Jim Rogers
If Brokers Calling U for Margin…… tell them Taylor Swift told you to Shake it off
Arbitrage Movie Trailer: Film About Hedge Fund Manager Played By Richard Gere
Directed by Nicholas Jarecki, it stars Richard Gere, Susan Sarandon, Brit Marling, Tim Roth, and Nate Parker. The trailer looks like it also features a cameo by CNBC’s Maria Bartiromo. The movie will be released on September 14th, 2012.
Gere plays a hedge fund manager who is desperate to sell his trading empire before the depth of his fraud is exposed, but he makes an error that forces him to turn to an unlikely person for help.
The trailer makes it look like the film is less about finance and more about a drama and homicide case. The film’s tagline is Arbitrage: Power is the Best Alibi.
Embedded below is the movie trailer for Arbitrage:
10 Facts About Trading
- You cannot control which stock on your watch-list is going to breakout so try not to have any biases.
- You cannot control the outcome of a trade, but you can control your entry, stop, and size, focus on what you can control.
- You are going to be wrong 50% of the time; you must know that, and if you do know it then you must accept it. No matter how much you think you know or how much more data you are in-taking you will more than likely still be wrong 50% of the time. More knowledge does not make you a better trader. Learn to accept losses. (See videos below)
- If you don’t learn how to accept losses you will revenge trade, you will hold on to stocks hoping they will comeback, you will buy a stock based on technicals and when the stock goes down you will find yourself searching for news to hold on to it. Accept the loss.
- A good set up is a good set up regardless of the outcome of the trade.
- A gain on a trade does not mean that it was a good set up. Lately this bull market has forgiving many sins that give traders a false sense of talent. In a bull market all of your sins are forgiving, don’t you ever forget that.
- Don’t fret about missing a trade, set ups come and go like buses.
- 80% of your gains will likely come in a stretch of 3 months. Know your process, have faith in it, and accept the fact that it will not work 12 months out of the year. Don’t jump from strategy to strategy just because your process is currently in the winter months.
- Sometimes you are going to sell early and wish you would’ve held on, other times you will hold on a little bit longer and wish you would’ve sold early- -this is just part of the game.
- Price targets for the most part are useless.