Latest Posts

rss

Jim Rogers Video Interview – How I See The World Today

  
Analysis, Economy, Education, Video
#  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #  #

Very interesting video interview with Jim Rogers doing a question and answer session with Lew Rockwell and Ludwig von Mises Institute members in Alabama. The video is rather long but well worth your time. Here’s a chronological list of all the subjects Jim Rogers addressed:

  • Protecting yourself with sound currencies and hard assets / real assets
  • Learn from history
  • Rice, Silver, Gold, Farmland, Timberland, Bonds, Paper Money
  • Why he moved to Singapore —> Education + Learning Mandarin
  • Debtor nations vs. creditor nations
  • Conventional wisdom
  • The US going the same way as the UK when it was an Empire
  • Leaving the US and seeking opportunity elsewhere
  • Why children in the 21 st century must learn at least a second language
  • Giving up American citizenship and implications on paying taxes
  • Rare Earths and China
  • Austrian Economics
  • Brazil and its natural resources
  • European Union and the likelihood of EURO disintegration
  • Canada will do better than the US
  • Renminbi might replace the US Dollar as reserve currency
  • Ben Bernanke monetizing debt
  • Fort Knox and the Fed should be audited

Once the video starts playing change the settings to watch in HD quality. Enjoy!



Be Patient

  
  Education
#  #  #  #  #  #  #  #  #

Be patient. If a trade is missed, wait for a correction to occur before putting the trade on.

Be patient. Once a trade is put on, allow it time to develop and give the most worthless piece of advice ever given. Taking small profits is the surest way to ultimate loss I can think of, for small profits are never allowedit time to create the profits you expected.
Be patient. The old adage that “you never go broke taking a profit” is maybe to develop into enormous profits. The real money in trading is made from the one, two or three large trades that develop each year. You must develop the ability to patiently stay with winning trades to allow them to develop into that sort of trade.
Be patient. Once a trade is put on, give it time to work; give it time to insulate itself from random noise; give it time for others to see the merit of what you saw earlier than they.
Be impatient. As always, small loses and quick losses are the best losses. It is not the loss of money that is important. Rather, it is the mental capital that is used up when you sit with a losing trade that is important. –

Ten Trading Terms Used By Technical Analysts -Sound Like Sex Acts

  
Education, Humour
#  #  #  #  #  #  #  #  #

In no particular order….

  • Blowoff Top
  • Bottom Bounce
  • Shorting Against The Box
  • The Piledriver 
  • Inverse Hammer
  • Kissing The Trendline
  • Rolling A Position Forward
  • Getting “Cramered”
  • Churning
  • Spread Trading

Above Terms u had Read many times written by Technical Analysts & Blue Channels Anchors + Analysts

Positive awareness trumps negative self talk

  
  Education
#  #  #  #  #  #  #  #  #  #  #  #  #  #

The language you use as a trader can provide either positive reinforcement through honest self awareness or negative results through demeaning self talk.  In other words, when discussing your trading with others or in your journal become aware of how you view yourself.  Do you see yourself as an amateur, a whipping post, a loser?  Do you blame an indicator or the market or an advisor for your failures and lack of discipline?  When you are with others do you brag about your winners and hide your losers?  All of this talk is based on fear:  fear of being wrong, fear of what others might think of you and your decisions; fear of the market; fear of being afraid.  When you practice positive self awareness  you create a fertile learning environment that allows you to grow and progress as a BETTER trader, not focus on BECOMING a GOOD trader (implying that you are a bad one).  When I work with individuals I often hear the following:  “If I would just do this I would become a good trader” or “If I had your discipline I would be a able to make money.”  These statements are grounded in a sense of doubt and fear.  Instead, these statements should be replaced with “I am becoming a BETTER trader because I know the market cannot hurt me” AND “I am becoming a BETTER trader the more I stick with my rules.”  See the difference between the two?  One is focused on the joy of progress; the other on the fear of not being good enough.  Are you focused on progress or failure? Listen to yourself and you will quickly figure it out.  It is EASY to get down on yourself and much HARDER to remain positive in the face of adversity.

Go to top