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Don't be a mouse.

  
  Education
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mouseI want to share with you an old fable that I’m sure you already know. It is about the mouse that roared.
Once up on a time, there lived a little mouse. He lived in constant fear of a cat that lived in the village. One day, a powerful space alien magician came to town. “M’lord,” the mouse begged of him, “thou art wise and powerful, and my life is most miserable because of a cat. Woudst thou return joy into my life by making me into a cat? Then I would no longer live in fear.”
The magician smiled, raised his wand, said some magical words, drew some lines on a chart, and the mouse found himself a cat as he wished. But, he was the most frightened (more…)

Risking

  
  Education
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Trading is all about riskcontrol !The following excerpt is from one of my favourite audiotapes ,’Risking ‘by David Viscount.I keep this on my desk to remind me each day to keep “risking.”Only a person who risks is truly free.

To laugh is to risk appearing the fool.

To weep is to risk appearing sentimental

To expose feelings is to risk exposing your true self.

To place your ideas ,your dreams ,before a crow is to risk their loss.

To live is to risk dying.To hope is to risk despair.To try is to risk failure.

But risks mist be taken ,because the greatest hazard in life is to risk nothing

The person ,who risks nothing ,does nothing ,has nothing ,and is nothing.

They may avoid suffering and sorrow ,but they cannot learn ,feel ,change ,grow ,love …live.

only a person who risks is free

TRADING WISDOM

  
  Education
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1. The market expects you to accept losses.  If you want to play in the market you better be prepared to play by the market’s rules.  Accept the losses, make them small based on proper risk parameters, and the market will consider it a tithe.  Just set it aside and help pay for a pew, not the entire church.

2.  The market wants you to admit when you are wrong.  Commit to admit.  If the market is always right, and it is, then go ahead and let the market know NOW that you understand and accept its omnipotence.  Broadcast it to the heavens and to depths of the earth; broadcast it to your friends and family; broadcast it to your neighbors; broadcast it in every chat room you use to brag in.   Let everyone know you will be wrong more often than right and that you are OK with that.  If the market knows you do not mind being wrong the market will leave you alone.

3.  The market will reward your discipline.  Let’s face it, the market is one disciplined son of a gun.  When it says it is going to crush the bears with their death cross and the bulls with their golden cross it does.  When the market says a bearish economic report does not matter I am going higher anyway it will.  When the market says that cute little support line you drew is nothing but “a lead pencil and I am an eraser”, then erasing it will go.  Stick to a discipline of listening to what the market is saying and the market will whisper its direction instead of shouting its lies.

4.  The market is the calculator.  If you are attempting to reach 10 via the calculator, there are many and various ways of getting there:  5+5, 2+8, 15-5, 25 –15, or even  2 + 2 –1 –1 –2 –2 +3 +3 +3 + 3.  When it comes to making money in the market our calculator may want to make it to 10 much quicker than the market does and we may want to add 5 + 5 to get there but be prepared for the market to take its own sweet time adding things up.  If all that matters is getting to 10, then make sure the road you take is paved with minuses along with pluses along the way or all your money will be going to the 5508 (punch this number into your calculator and turn it upside down to see what it spells), which will make the employee a very unhappy and broke individual.

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