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A Dozen Reflections on Life and Markets

reflectiononlifeI’ve never seen a trader succeed whose explicit or implicit goal was to not lose. The trader who trades to not lose is like the person who lives to avoid death: both become
spiritual hypochondriacs.

No union was ever destroyed by a failure of romance. It is the loss of respect, not love, which ends a relationship.

Love, once present, never dies. It must be killed.

Sometimes we select markets–and trading styles–much as we choose romantic partners: by their ability to validate our deepest-held images of ourselves. Our choices generally succeed, for better or for worse.

Many a trader fears boredom more than loss, thereby experiencing the two in sequence. (more…)

Chinese Medicine

chinese_medicineQ: Doctor,  I’ve heard that  cardiovascular exercise can prolong life.  Is  this true?
 A: Your heart only good for so many beats, and that it…don’t waste on  exercise.  Everything wear out eventually.  Speeding up heart not make you  live longer; it like saying you extend life of car by driving faster.
 Want to live longer?  Take nap.

 Q: Should I cut down on meat and eat more fruits and vegetables?
 A: You must grasp logistical efficiency.  What does cow eat?   Hay and  corn.  And what are these?   Vegetables.  So steak is nothing more than  efficient mechanism of   livering vegetables to your system.  Need grain? Eat chicken.  Beef also good source of field grass (green leafy  vegetable).  And pork chop can give you 100% of recommended daily  allowance of vegetable product.

 Q: Should I reduce my alcohol intake?
 A:  No, not at all.  Wine made from fruit.  Brandy is distilled wine, that  mean they take water out of fruity bit so you get even more of goodness  that way.  Beer also made of grain.  Bottom up! (more…)

Life and Markets

LIFEANDMARKETRespect is the first casualty in lost love.

Four industries dominate the economy: hope, escape, protection, and convenience.

Success is the point at which talent and skill meet opportunity.

The aim of all trading education: to encourage trading.

The printing press democratized the acquisition of knowledge; the computer has democratized its dissemination.

Date markets before deciding to marry them.

Anatomy of a bad trade: Hope, then despair.

Love, once present, never dies. It must be killed. (more…)

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