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Manifesto For 2015

  
Analysis, Education
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Manifesto For 2015
 
Government has no right to confer economic benefit.
The benevolence of individuals, not government, creates a just community.
Rich and poor share responsibility to build society.
The greatest philosophy of governance is the balance of executive, legislative and judicial authority.
Civility is a worthy goal.
Government is incompetent in most areas in which it is currently active.
Theocracy kills.
Our challenges are planetary.
Humans are lonely without animals.
Glorifying thugs is civil suicide.
Union members are not the only people who work. 
Be circumspect in speech, for sowing wind reaps the whirlwind.
Propaganda attacks reason.
Wealth is a great good.
Benevolence is a great good.
Achievement is a great good.
The family is a great good.
Friendship is a great good.

Excellence Is A Drive From "Inside"

  
Education, Life
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excellence793681A gentleman was once visiting a temple under construction. In the temple premises, he saw a sculptor making an idol of God. Suddenly he saw, just a few meters away, another identical idol was lying.

Surprised he asked the sculptor, “Do you need two statutes of the same idol”. “No” said the sculptor. “We need only one, but the first one got damaged at the last stage”. The gentleman examined the sculptor. No apparent damage was visible.

“Where is the damage” asked the gentleman.

“There is a scratch on the nose of the idol. Where are you going to keep the idol”.

“The sculptor replied that it will be installed on a pillar 20 feet high. When the idol will be 20 feet away from the eyes of the beholder, who is going to know that there is scratch on the nose?” The gentleman asked.

“The sculptor looked at the gentleman, smiled and said “God knows it and I know it “.

The desire to excel should be exclusive of the fact whether someone appreciates it or not. Excellence is a drive from “Inside” not “Outside“.

False Beliefs About Trading the Markets

  
  Education
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1) What goes up must come down and vice versa.

That’s Newton’s law, not the law of trading. And even if the market does eventully self-correct, you have no idea when it will happen. In short, there’s no point blowing up your account fighthing the tape.

2) You have to be smart to make money.

No, what you have to be is disciplined. If you want to be smart, write a book or teach at a university. If you want to make money, listen to what the market is telling you and trade to make money — not to be “right.”

3) Making money is hard.

Nope. Sorry. Making money is actually easy. Statistically, you’re going to do it about half the time. Keeping it, now that’s the hard part. (more…)

Risk and Loss

  
  Education
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Risk– when it comes to life risk can be a bad thing.  It means not looking both ways before crossing the street.  Risk is like breathing when it comes to trading.  It is the only way to stay alive.  It can be toxic air or clean air know the difference before taking a deep breathe.

Loss– losses are a part of trading they need to be handle the same way as wins, the psychology should be determined by the way it was realized more than what was realized.  The exception is big losses/risking more. You will have more control of amplitude than frequency so take advantage of it

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