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Intrusion Kills

Facebook’s CEO Mark Zuckerberg:

“I want to stress the importance of being young and technical. Young people are just smarter. Why are most chess masters under 30? I don’t know. Young people just have simpler lives. We may not own a car. We may not have family. Simplicity in life allows you to focus on what’s important.”

Of course, family, and other aspects of life are important, but that doesn’t take away from Zuckerberg’s wisdom. Want to make something big happen, like trend following success, then avoid distraction. Period.

Newton’s Law of Trading Rules: Every lousy trading rule has an equal and opposite trading rule.

“Always seek out differing opinions and challenge your beliefs. Except when you know you’re right, then that other bullshit just becomes a distraction. Good luck with that.

It is very important to be flexible and open-minded. But invest with set rules and an iron discipline. Good luck with that.

Technical analysis and charts only tell you about what has already happened in the past. It’s much better to use the information from the future that we have when making decisions.  Good luck with that.

Never run with the herd. It’s much better to be all alone on open ground, running in the wrong direction and wholly conspicuous to predators. Good luck with that.

Take your losses quickly. But don’t get scared out of a good position. Good luck with that.

Amateurs trade in the morning, pros trade in the afternoon, junkies trade overnight and lots of guys on TV just trade on paper.  Good luck with that.

Be tactical and stay informed! But don’t try to time the market. Good luck with that.”

HEDGE FUND LEGEND: If One Of My Managers Is Getting Divorced, I'll Pull My Money Out-Must Watch Video

The Washington Post has obtained footage of hedge funder Paul Tudor Jones from a panel discussion at the University of Virginia last month with fellow fund managers John Griffin and Julian Robertson

 During the panel discussion, PTJ made some comments that the biggest killers to trading success are divorce and women having babies.  

Here’s what he does when on of his manager’s is going through a divorce: 

“… Like, one of my No. 1 rules as an investor is as soon as my manager, if I find out that manager is going through divorce, redeem immediately.  Because the emotional distraction that comes from divorce is so overwhelming. The idea that you could think straight for 60 seconds and be able to make a rational decision is impossible, particularly when their kids are involved. You can automatically subtract 10 to 20% from any manager if he is going through divorce.” 

Watch the video below: Don’t Miss to WATCH 

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Apollo Robbins: The art of misdirection (Mind Blowing Video )

Pickpocketing is a triumph of craft: a distracting touch with one hand, while the other hand gets to work, and the next thing you know … where’s my wallet? Apollo Robbins is a modern master of picking pockets, possessor of a subtle understanding of human attention, a taste for classic crime, and something he calls “grift sense” — which, as he told the New Yorker , is “stepping outside yourself and seeing through the other person’s eyes, thinking through the other person’s mind, but it’s happening on a subconscious level.”
 
Robbins makes a living as an entertainer, speaker and television personality, and he also is the founder of Whizmob Inc., a collective of misdirection experts — including reformed criminals — that schools military and law enforcement leaders in fraud and scam tactics. Robbins has also collaborated with academics in his quest to understand how awareness and attention can be manipulated. He’s co-author of a 2011 paper that explores something he noticed in his countless hours of practice: people’s eyes are more easily misdirected to follow a curve than a straight line. (more…)

8 Things Really Successful People Do

1. Make Materialism Irrelevant

Fancy cars and houses are all well and good, but many foolishly focus on the byproducts of success, rather than concentrating on building sustainable success in the first place. Establish a bare minimum for your material needs, and then you can enjoy the benefits of success, debt- and stress-free.

2. Enhance Knowledge

Success comes faster to those who are open, active learners. The higher up the success ladder you climb, the more complex the systems and opportunities that are presented to you. Absorb all the information you can and if you sense a gap you can’t fill, connect with people who have the knowledge you need. (more…)