Archives of “plasticity” tag

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US auctions off $38 billion of 3 year notes at 1.632%

  
  Analysis
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That is below the WI level of 1.634%

  • high yield of 1.632%. That is below the WI of 1.634%
  • bid to cover 2.56x vs six-month average of 2.48x
  • Directs 23.8% vs six-month average of 16.8%
  • Indirects 49.1% vs six-month average of 49.5%
  • Dealers take 27.1% versus six-month average of 33.7%
Overall, decent demand. The yield stopped through the WI level by a touch. The bid to cover was higher than the six-month average. Dealers took down a relatively small amount suggesting decent demand.

Mastering the Art…

  
  Education
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“You have all these people trying to come up with formulas to beat the market. The market is not a science. The science may help increase the probabilities, but to excel you need to master the art of trading.”  
– Mark Minervini, Stock Market Wizards
“After a certain high level of technical skill is achieved, science and art tend to coalesce in aesthetics, plasticity, and form. The greatest scientists are artists as well.”

– Albert Einstein

To achieve trading greatness, one must first become an artist. To become a true artist, one must first master the art.
What does it mean to “master the art” of trading? What kind of nuances and subtleties are involved?  What range of experiences, processes, and deep situational knowledge is required?

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