The most important lessons that Druckenmiller learned from George Soros
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rssTraders -3 Points U All Must Read
Valuation alone is insufficient reason to get short a stock — History teaches us that cheap stocks can get cheaper, dear stocks can get more expensive
ALWAYS work with a pre-determined loss – either a physical or mental stop loss — Never leave yourself open to infinite losses
Fundamentals tell you WHY to short something, not WHEN to short it. ALWAYS have some technical confirmation before shorting. Make a short selling wish list, then WAIT for technical confirmation.
Lehman Brothers Holdings, Inc. – SCARCE (Issued before final bankruptcy)
Beautifully engraved scarce stock certificate from Lehman Brothers Holdings, Inc. issued in 2008. This historic document was printed by the United States Banknote Company and has an ornate border around it with vignettes of an early street scene with the capitol in the background (Below this image it says “Founded 1805, Montgomery Alabama”), and portraits of Mayer Lehman and Emanuel Lehman. This item has the printed signatures of the Company’s Chairman, Richard S. Fuld, Jr., and Secretary. Very desirable and hard to find.
Resolution – Similar as in trading with ‚buy the dip‘, a rebound in life & career can come right after.
Aiki Trading
12 Steps Every Trader Should Take –
1. We admit that we were powerless over our emotions-that our trading had become unmanageable.
2. We came to believe that principles greater than ourselves could restore our sanity and profitability.
3. Made a decision to turn our will and our lives inside the charts over to certain principles as we understood them.
4. Made a searching and fearless trading inventory of ourselves and our trading account.
5. Admitted to our brokerage, to ourselves, and another the exact nature of our wrongs.
6. Were entirely ready to have these principles remove all defects of character.
7. Humbly ask that these principles remove our shortcomings. (more…)
What's The Real Purpose of Trading?
The real purpose of trading is not to make money. If that’s your goal you probably struggle with it a lot. But all of the following tend to work.
If you goal is to be a great trader, then you probably will do well.
If you goal is to use trading as a way to measure your self-development, then you will probably do well.
If you just love trading and that’s why you do it, then as long as you are willing to work on yourself you will probably do well.
Those, in my experience, are the key motivations that bring success in trading.
10 to Zen
